Search
The Caterer

Chinese restaurant owners found guilty of money laundering

16 February 2007
Chinese restaurant owners found guilty of money laundering

The owners of a well known Chinese restaurant in South Wales have been ordered to pay £1.5m after a judge ruled they had been involved in money laundering.

Kin Chan, 42, and his wife Carina, 32, owners of the Happy Gathering restaurant in Cardiff, were told that if they do not fulfil the confiscation order within 12 months Chan would be jailed for five years and his wife for two-and-a-half years.

In 2005, Chan was jailed for six months and his wife was given a three months suspended sentence after being found guilty of VAT and tax evasion by under declaring the turnover at the Happy Gathering restaurant.

Following that case the All Wales Regional Asset Recovery began an investigation under the Proceeds of Crime Act and found that the couple had an extensive undeclared property portfolio with at least 17 hidden bank accounts.

Issuing the confiscation order at Cardiff Crown Court, Judge David Wynn Morgan said: "These defendants have a criminal lifestyle and I am making an order requiring them to pay a specific amount.

"If they don't pay within 12 months they face prison and significant quantities of interest on the money outstanding. It is sufficient incentive for them to complete payment."

A spokesman for Cardiff police said there were no plans for the restaurant, which employs up to 20 members of staff, to be closed down.

US prosecuters drop allegation in case against Red Carnation hotels owners >>

Zanzibar hotels ‘built with Mafia drug cash' >>

By Andrew Smith

E-mail your comments to Andrew Smith here.

Get your copy of Caterer and Hotelkeeper every week -

TagsFinance and Crime
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.