Source: State withdraws charges against Singapore businessman in US$1, 5 million fraud –Newsday Zimbabwe
HARARE, Apr. 16 (NewsDay Live) – The State has withdrawn fraud, money laundering and gold possession charges against Singaporean national Mark Yong Khong Yong, citing lack of evidence.
Harare magistrate Ruth Moyo withdrew the charges before plea.
Yong, who was represented by Everson Chatambudza and Allan Masiya, had been arrested over allegations of a US$1.5 million mining investment fraud.
He was intercepted by police at the Norton tollgate while travelling in a black Lexus SUV with three others. Police later searched his Borrowdale residence and reportedly recovered about 10 grammes of suspected gold nuggets, prompting further investigations into whether he held the required permits.
Authorities had alleged Yong was linked to a scheme in which a foreign investor was defrauded of approximately US$1.5 million.
He was granted US$1 500 bail on March 16.
Prosecutor Lawrence Gangarahwe said investigations subsequently established that Yong and his alleged accomplice were not involved, leading to the withdrawal of charges.
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