Aide to China billionaire developer admits to unlawful-activity funding

New York

THE right-hand man to a billionaire Chinese real estate developer arrested by US authorities for smuggling US$4.5 million into the country has admitted the money was used to pay people for "unlawful activities", a federal prosecutor said.

Jeff Yin, who worked for Macau developer Ng Lap Seng, made those statements during a post-arrest interview on Saturday with US law enforcement, prosecutor Daniel Richenthal told a federal judge in Manhattan.

"He made admissions consistent with the complaint and consistent with other evidence that among other things that cash was sent to people to enga…