The Herald this morning revealed William Yan - also known as Bill Liu, Yang Liu and Yong Ming Yan - struck a deal as the final settlement in a civil case two years after the police raided his Metropolis penthouse. Connected proceedings were initiated in December 2013 against Yingzi Zeng and Shui Yong Huang, who are close friends of Yan. New Zealand detectives have worked closely with Chinese authorities, who claim Yan stole $129 million in a complex fraud. It remains to be seen whether China will now formally seek the extradition of Yan, who holds New Zealand citizenship. William Yan - the Man of many names2001: Arrives in New Zealand with two identities, Yang Liu and Yong Ming Yan.

Source: New Zealand Herald August 22, 2016 22:09 UTC