Nasinu businessman Wenjun Lin who allegedly transferred $500,000 from a mining company’s account and deposited into his own business account has been released on a $10,000 cash bail by the Suva Magistrates Court.
Lin appeared before Magistrate Sufia Hamza this afternoon.
He is being released with two sureties bonded for $10,000 each with a Stop Departure Order issued by the court.
Lin has also been ordered to report to the Nadi Police Station every fortnight.
He is charged with conversion, contrary to section 319(1)(b) of the Crimes Act of 2009.
it is alleged that between 12th December 2019 and 31st December 2021 while being director of Rock Hard Rock Mines and Quarries Pte Ltd, Lin fraudulently took $500,000 from the company and deposited it into the company account of Rong Fei Development Company Pte Limited, which he owned.
His case will be called for mention on the 14th of April.
@fijivillage.com Man who allegedly fraudulently obtained $500,000 released on $10,000 cash bail #fiji #fyp ♬ original sound - fijivillage
