Australia seizes real estate from Chinese national

Australia seizes real estate from Chinese national
13/06/2019 , by , in INTERNATIONAL

The Australian government has confiscated three properties from a Chinese national after a joint money-laundering investigation with China, police said on Saturday.

The Melbourne real estate was owned by a 32-year-old Chinese national who had been using an assumed name and had relocated to the Caribbean, the Australian Federal Police (AFP) said in a statement on their website.

A two-bedroom apartment, a five-bedroom house and a property that used to house a supermarket were collectively valued at A$4.2 million (US$2.93 million) and will be sold.

The proceeds will be used for law enforcement initiatives, the AFP said.

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