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Auckland woman serving home detention in $10m mansion for fraud Sat, 3 Jul 2021, 12:42PM
Annie Chen was sentenced to nine months home detention for defrauding $600,000 from property investors. (Photo / Supplied)
Auckland woman serving home detention in $10m mansion for fraud Sat, 3 Jul 2021, 12:42PM
A woman convicted of fraud is serving home detention in a luxury $10 million Remuera mansion owned by a Singapore-based businessman linked to Jack Ma s behemoth Alibaba e-commerce website.
The businessman, Yifei Sheng, bought the sprawling property and neighbouring tennis court in September last year for $10.25m without ever stepping foot inside.
Sheng, who intends to bowl the 440sq m four-bedroom house, has spent at least $22m buying Auckland properties in the past three years.