19 Jan 2012

Third person charged over unsuccessful Crafar bid

3:16 pm on 19 January 2012

A third person associated with an earlier unsuccessful attempt to purchase the Crafar family farms has been charged in Hong Kong.

A Singaporean national and New Zealand resident Yee Wenjye, who is also known as Eric Yee, is accused of conspiring to defraud Natural Dairy Holdings.

Hong Kong's Independent Commission Against Corruption claims Mr Yee lied about Crafar farms' finances, stating it had made a profit, when it had actually lost about $NZ30 million in the May 2009 year.

Along with Mr Yee, May Wang and Jack Chen also appeared in court on Wednesday, accused of lying about Crafar's financial position.

In October last year, Ms Wang and Mr Chen were charged after allegations of corruption involving UBNZ Funds Management, which unsuccessfully tried to buy the 16 North Island farms on behalf of Natural Dairy.

The cases against all three have been adjourned to April this year.