An Auckland woman given New Zealand’s longest sentence for money laundering—seven and a half years—has failed in her bid to remain out of jail until her appeal is heard.
Ye “Cathay” Hua, aged 58, was jailed after a jury found her guilty of 15 out of 19 money laundering charges covering at least $18 million (US$11.9 million) which she had washed through her currency exchange business, Lidong Foreign Exchange, on behalf of an international drug cartel.
