Four Arrested In HK$400m Laundering Case
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2022-09-01 HKT 15:43
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Customs officers on Thursday said they had arrested four men suspected of laundering more than HK$400 million.
Officers said their investigation, which stemmed from another money laundering case at the end of last year, involved some 9,000 transactions through dozens of bank accounts, a virtual currency exchange trading platform and a local money changer.
Three men aged 21 and a 36-year-old man had been arrested.
Officers said the suspects' backgrounds and financial status were "highly incommensurate" with the large transactions they were probing.
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