THE jury in the trial of two company directors accused of helping a drugs boss conceal tens of millions of dollars is expected to return its verdict today.
Lo Chak-man, 33, and Tsoi Sau-ngai, 47, are accused of helping heroin trafficker Law Kin-man retain US and Hong Kong money worth a total of HK$56.47 million after his arrest.
The nine-month High Court hearing revealed evidence of gross malpractice at the Bank of Credit and Commerce where Law held numerous bogus accounts.
Prosecutor Michael Lunn QC, said Law, 40, was part of a huge drug smuggling and money laundering operation in Hong Kong and the US in the late 1980s.
He was stopped at Kai Tak in December 1989 and extradited to the US where he admitted trafficking.
After his arrest his brother Lo transferred US$5.17 million (HK$39.9 million) from the account of Valoria Investment Ltd at the Nomura bank.
Mr Lunn said Law set up the Liberian-registered company as a'corporate veil' to launder money.
