{"id":97515,"date":"2025-12-09T17:09:15","date_gmt":"2025-12-09T17:09:15","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/n3-5-billion-fraud-trial-scheduled-for-january-2026"},"modified":"2025-12-09T20:41:27","modified_gmt":"2025-12-09T20:41:27","slug":"n3-5-billion-fraud-trial-scheduled-for-january-2026","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/n3-5-billion-fraud-trial-scheduled-for-january-2026","title":{"rendered":"N$3.5 Billion Fraud Trial Scheduled for January 2026"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>Staff Reporter<\/p>\n<p>THE trial of Chinese businessman Jack Huang and several co-accused, who are facing charges of defrauding the Ministry of Finance\u2019s revenue department of N$3.5 billion, is scheduled to begin on 20 January 2026.<\/p>\n<p>Deputy Judge President Hannelie Prinsloo confirmed the trial date in an order delivered on 5 November 2025.<\/p>\n<p>The accused include Namibian national Laurensius Julius and Chinese businessmen Tao Huizhong, Yuiqua Huang, Zhihua Gao, Hongying Jia, Coa Shuhua, Li Dan and Ying Zhang, along with seven corporate entities. They face 580 counts of tax evasion, fraud and money laundering.<\/p>\n<p>Julius, Huang and their co-accused were arrested in 2017. Another accused, Jinrong Huang, fled Namibia and later died in China.<\/p>\n<p>A Bank of Namibia investigation uncovered a large outflow of foreign currency, revealing that N$3.5 billion had been channelled out of the country through Julius\u2019s business, Xtreme Customs Clearing Services, among others. Investigators found systematic under-declaration of imports at customs and over-declaration at banks, causing losses amounting to billions.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Namibia<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. Staff Reporter THE trial of Chinese businessman Jack Huang and several co-accused, who are facing charges of defrauding the Ministry of Finance\u2019s revenue department of N$3.5 billion, is scheduled to begin on 20 January 2026. Deputy Judge President Hannelie Prinsloo confirmed the trial date in an order delivered on 5 November 2025. [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":97514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[233],"class_list":["post-97515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>N$3.5 Billion Fraud Trial Scheduled for January 2026 - Namibia<\/title>\n<meta name=\"description\" content=\"Staff Reporter THE trial of Chinese businessman Jack Huang and several co-accused, who are facing charges of defrauding ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/n3-5-billion-fraud-trial-scheduled-for-january-2026\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"N$3.5 Billion Fraud Trial Scheduled for January 2026\" \/>\n<meta property=\"og:description\" content=\"Staff Reporter THE trial of Chinese businessman Jack Huang and several co-accused, who are facing charges of defrauding ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/n3-5-billion-fraud-trial-scheduled-for-january-2026\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-09T17:09:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-09T20:41:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2025\/12\/sm_1765295176.822746.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"677\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/n3-5-billion-fraud-trial-scheduled-for-january-2026#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/n3-5-billion-fraud-trial-scheduled-for-january-2026\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"N$3.5 Billion Fraud Trial Scheduled for January 2026\",\"datePublished\":\"2025-12-09T17:09:15+00:00\",\"dateModified\":\"2025-12-09T20:41:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/n3-5-billion-fraud-trial-scheduled-for-january-2026\"},\"wordCount\":177,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/n3-5-billion-fraud-trial-scheduled-for-january-2026#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2025\/12\/sm_1765295176.822746.jpg\",\"keywords\":[\"namibia\"],\"articleSection\":[\"all news\",\"community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/n3-5-billion-fraud-trial-scheduled-for-january-2026#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/n3-5-billion-fraud-trial-scheduled-for-january-2026\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/n3-5-billion-fraud-trial-scheduled-for-january-2026\",\"name\":\"N$3.5 Billion Fraud Trial Scheduled for January 2026 - 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