SOLOMONS BUSINESSMAN DODGES $1 MILLION TAX BILL

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James Shi Yan Fang pleads guilty

HONIARA, Solomon Islands (Solomon Star, July 5, 2011) - A businessman accused of avoiding to pay up his government taxes worth SB$9million [US$1.2 million] for a period of three years has plead guilty to all the allegations made against him yesterday.

James Zhi Yuan Fang was charged with three counts of tax evasion.

He avoided paying more than $9 million worth of tax during the period.

He earlier denied the charges but after his case has gone through a pre-trial conference he decided to enter guilty pleas to the charges that were committed in 2006, 2007 and 2008.

Mr Fang was said to have kept all the income to avoid paying tax.

Appearing yesterday in the Honiara Magistrate’s Court, Mr Fang entered his guilty pleas before Principal Magistrate Stefan Metanomski.

Mitigations for his sentencing will be made by his lawyer, Andrew Nori on August 1, at 1.30 pm.

Bail for the accused was extended.

Florence Joel of the Office of the Director of Public Prosecutions (DPP) appeared for the Crown in this case.

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