Staff Reporter<\/p>\n\n\n\n
THE trial of Chinese businessman Jack Huang and several co-accused, who are facing charges of defrauding the Ministry of Finance\u2019s revenue department of N$3.5 billion, is scheduled to begin on 20 January 2026.<\/p>\n\n\n\n
Deputy Judge President Hannelie Prinsloo confirmed the trial date in an order delivered on 5 November 2025.<\/p>\n\n\n\n
The accused include Namibian national Laurensius Julius and Chinese businessmen Tao Huizhong, Yuiqua Huang, Zhihua Gao, Hongying Jia, Coa Shuhua, Li Dan and Ying Zhang, along with seven corporate entities. They face 580 counts of tax evasion, fraud and money laundering.<\/p>\n\n\n\n
Julius, Huang and their co-accused were arrested in 2017. Another accused, Jinrong Huang, fled Namibia and later died in China.<\/p>\n\n\n\n
A Bank of Namibia investigation uncovered a large outflow of foreign currency, revealing that N$3.5 billion had been channelled out of the country through Julius\u2019s business, Xtreme Customs Clearing Services, among others. Investigators found systematic under-declaration of imports at customs and over-declaration at banks, causing losses amounting to billions.<\/p>\n\n\n\n
PICTURED: Chinese businessman Jack Huang. Photo: NBC Digital News<\/p>\n","protected":false},"excerpt":{"rendered":"
Staff Reporter THE trial of Chinese businessman Jack Huang and several co-accused, who are facing charges of defrauding the Ministry of Finance\u2019s revenue department of N$3.5 billion, is scheduled to begin on 20 January 2026. Deputy Judge President Hannelie Prinsloo confirmed the trial date in an order delivered on 5 November 2025. The accused include …<\/p>\n","protected":false},"author":10,"featured_media":386889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-386888","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"yoast_head":"\n