Police charge election candidate with money laundering
1 November, 2018, 1:33 pm
A CANDIDATE for the upcoming 2018 General Election has been charged with a count each of conversion and money laundering.
The candidate who is also a lawyer by profession will be produced at the Rakiraki Magistrates Court today.
Police confirmed this today in a statement saying the 45-year-old man is charged alongside a 35-year-old accountant of his law firm who has been charged with one count of money laundering.
It is alleged the two accused deceptively obtained more than $120,000 from a 55-year-old woman’s trust account.
Police say that for the first count of conversion, the candidate is alleged to have fraudulently converted more than $120,000 that was entrusted to his firm for safe custody under the victim’s trust fund to his own use and benefit sometime between July 2017 and June 2018.
It further states that for the second count of money laundering, the candidate is alleged to have engaged directly or indirectly in transactions involving more than $120,000.