FEDERAL AGENTS SEIZE SAIPAN UNIVERSITY ASSETS

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MELBOURNE, Australia (Radio Australia, Jan. 8) - The United States government has started seizing assets of a South Korean businessman who allegedly fraudulently induced students from China to study on Saipan.

The Federal Bureau of Investigation has started seizing money placed in different bank accounts of Saipan University after warrants were issued.

Court papers show the warrants cover a total US$117,000.

The money will be distributed to 88 students from different provinces and cities in China who are demanding a refund of their tuition fees, costing more than US$3,500 each.

The students claim they were given false promises and representations.

China's Education ministry has sent three representatives to Saipan to help the students.

January 8, 2004

Radio Australia: www.abc.net.au/ra

 

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