April 16, 2011 10:00am by David Farrar

Two mercs, a porsche and a state house

A sickness beneficiary with three luxury cars has been evicted from his taxpayer-subsidised state home.

Police seized two Mercedes Benz and a Porsche from Paul Yu Hung Szeto when he was arrested on money laundering and methamphetamine charges in December 2008.

I’m always amazed how active certain sickness beneficiaries manage to be.

The 59-year-old was acquitted this week after a seven-week trial in the High Court at Auckland, where a multi-millionaire businessman was found guilty of serious drugs and money laundering charges.

But Housing New Zealand has terminated Szeto’s tenancy in a North Shore state home after the Herald revealed he lived in a rental property in upmarket Mission Bay with cars worth $250,000.

If he lived in Mission Bay why did he also have a state house on the North Shore? Was he renting it out illegally?

Szeto and his girlfriend Wei Na Shi, a 28-year-old known as Candy, were found not guilty in a jury trial at the High Court on money laundering charges.

Candy? I wonder what her occupation is. I’m guessing neurosurgeon, but I may be wrong.