Link: Pacific Islands Report
Pacific Islands Development Program, East-West Center

With Support From Center for Pacific Islands Studies, University of Hawai‘i

Chinese Workers Seized In Fiji For Theft In Solomon Islands
Allegedly embezzled $162,120 meant for company operations

By Assumpta Buchanan

HONIARA, Solomon Islands (Solomon Star, Nov. 16, 2012) – Two Chinese working in the Solomon Islands are in custody for allegedly stealing SB$1.2 million [US$162,120] from their employer.

Sixty two-year-old Jiang Jin Xu and his son Biao Wei Xu, 32, were charged with one count each of Larceny and embezzlement by servants.

The two tried to escape to China but were held by Immigration and Police officers in Nadi, Fiji, early this month while transiting there.

Police prosecutors said the two were employed by Long Sheng (China & Solomons) Group Corporation Company Limited as chief accountant and accountant late last year at its Solomon Islands branch located at China Town, Honiara.

The company is a combination of three firms that partnered to deal with marine products such as beche-de-mer and shark fin.

Police alleged that in February 2012, the company received a Telegraphic Transfer (TT) from its headquarters in Hong Kong through the Bank South Pacific (BSP) in two separate accounts namely Pacific Brothers Fishing Co. LTD and Oceanic International Co. LTD.

Each account received US$100,000, a total of US$200,000 which was equivalent to SB$1.6 million. The money is for the company’s daily operations.

It is the responsibility of the two accused to keep all the records of how the money has been used in all the company’s financial record books.

However, it was alleged that they did not produce any monthly financial reports to the general manager up until their escape on October 30.

They were said to have escaped without providing any proper financial record documents to justify or reconcile an amount of SB$1.2 million spent as company expenses.

The two accused appeared in the Honiara Magistrate’s Court but because of the non-availability of interpreter, the matte was adjourned to Wednesday.

Magistrate Esther Lelapitu therefore adjourned the matter to November 28 to allow them to find a lawyer.

Solomon Star
Copyright 2012 Solomon Star. All Rights Reserved

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