Luo Juncheng

Guangdong resident Luo Juncheng told the Court of First Instance that he would not object to  HK$5 million being seized from him.

HK$13b launderer agrees to hand government HK$5m

A young mainland businessman who is serving a 10½-year jail term for laundering a record HK$13.1 billion over eight months has agreed to let the Hong Kong government confiscate HK$5 million from him.