Luo Juncheng

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

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

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.

Tuesday, 30 July, 2013, 9:15pm

Letters to the Editor, February 24, 2013

Karen Mok recalled her early days as a singer. Photo: AP

During my tenure as museum director, the Hong Kong Maritime Museum averaged 35,000 paying visitors a year. This compares favourably with the paid visits to government museums and, indeed, with that of similar maritime museums abroad.

24 Feb 2013 - 1:50am 2 comments

Proof needed to show a crime has been committed

Proof is needed to show a crime has been committed with Luo Juncheng's spate of bank deposits and transfers.

With dismembered bodies scattered all over the blood-spattered scene of this horrendous crime, it is no wonder that Madam Justice Jeffreys, in passing sentence, called for increased penalties in such cases.

7 Feb 2013 - 5:16am 7 comments

Money laundering case puts banking laws under spotlight

A man uses an ATM machine outside a Chiyu Bank branch.

When Luo Juncheng first walked into the offices of Hong Kong's Chiyu Bank in August 2009, he was a teenager setting up an account for a company he had bought off the shelf three days earlier. When he returned 10 days later, he set up a personal account with a meagre HK$500 deposit.

30 Jul 2013 - 9:06pm

Guangdong man jailed over massive Hong Kong fraud

A mainland man has been jailed for ten and a half years for laundering HK$13.1 billion – the largest amount of its kind in Hong Kong – over a period of eight months.

23 Jan 2013 - 8:37pm 2 comments

Guangdong man accused of laundering HK$50m per day for eight months

Luo Juncheng, from Guangdong, allegedly laundered HK$50 million a day for a period of eight months, totalling HK$13 billion.

A mainlander allegedly laundered HK$50 million a day for a period of eight months, totalling HK$13 billion, a court heard yesterday.

9 Jan 2013 - 5:17am 3 comments