Mackay businessman faces 172 charges

A MACKAY businessman has had to surrender his three passports in order to be released from the Mackay watch-house on bail.

Chi Wah Eric Yip is facing 172 charges after it has been alleged he fraudulently obtained about $750,000.

Yip walked into the dock of the Mackay Magistrates Court wearing a button-up shirt, tucked into jeans, and thongs.

He was arrested and charged by police on Thursday.

Magistrate Damien Dwyer did not read out the significant number of charges.

Defence solicitor Sam Sticklan, of McKays Solicitors, said Ms Sticklan requested a three-week adjournment and made an application for bail, which was objected to by prosecutor James Greham.

The bail objection was based on Yip being an "unacceptable risk" because he had a multiple passports and the ability to leave the country.

The court was told that Yip had Australian, British and Hong Kong passports and was agreeable to surrendering them to police.

He had known about these charges since March this year and hadn't "absconded". Police had gone to his address on Thursday and he wasn't home. He later went to the Mackay police station of his own accord, Ms Sticklan said.

"He's fully co-operated," she said.
Yip, who ran a business, had also entered into a deed of agreement to pay back certain debts and he would be unable to do this if he was not released on bail, Ms Sticklan said.

He was not required to enter a plea to the charges.

"This risk is acceptable in my view," Mr Dwyer said.

As well as surrendering his passports, Yip must abide by residential conditions and must report to the Mackay police station every Monday, Wednesday and Friday.

The matters were adjourned.