Country of Origin
China
Country of Asset Location
New Zealand
Country that initiated legal action to recover proceeds of corruption
China
Disposition of Criminal Case(s)
At time of reporting (2020), there were concluded investigations/prosecutions related to this case in the country of origin (China) and in the country of asset location (New Zealand).
Action Initiating Asset Recovery
By domestic investigation by law enforcement authorities (independent from foreign request)
Stage of Asset Recovery
Assets confiscated
Legal Basis for Asset Recovery in the country of origin
Out-of-court Settlement Agreement
Legal Basis for International Cooperation
UNCAC
Reciprocity
Agreement for Returned Assets
Yes – an asset-sharing agreement
Assets Confiscated
#1
Assets confiscated
27,850,000.00 NZD
Assets confiscated (USD equivalent)
$16,492,045.89
Asset Type at Time of Confiscation
Cash/bank deposit
USD Conversion date
September 2023
Date and Country of Case Submission
January 1, 2020
China
Data Source
Official information provided by country authorities