6 Aug 2018

Vanuatu men jailed over money laundering

11:50 am on 6 August 2018

Two men in Vanuatu have been sent to jail for laundering money from ANZ customers' accounts.

The Daily Post reported the Supreme Court sentenced Charles Sumbe to two years imprisonment, while Namtaku Kalsaria Maipeza was sentenced to one year and four months in jail.

Sumbe was sentenced to five years and Maipeza to three years, but the judge reduced their sentences for their cooperation with the court.

The court heard that the duo laundered more than $US4000 (Vt500,000) from ANZ customers accounts and transferred the money to an unknown man called Omar Ojha in Malaysia.

Most of the stolen money from ANZ customers have since been repaid by the bank.