Two businessmen with Macau casino connections were caught in an ICAC sting which lured them into a plot to launder millions of dollars for Russian organised crime gangs. Michael Leung Chung, 48, and Adam Wong Ping-shui, 36, were convicted in the District Court yesterday and will be sentenced today. The court heard that the pair met a man they thought was a powerful Moscow mob boss and discussed ways they could funnel millions of US dollars a month through casino VIP rooms in Macau and the US. But the 'Russian crime lord' was in fact an undercover US Treasury Department agent fluent in Russian who had been introduced to the pair by an Independent Commission Against Corruption informant codenamed 'Richard'. 'Richard' was, in reality, a Russian man living in Hong Kong. Judge Alan Wright found Leung and Wong guilty of conspiring with former Customs officer Philip Chu Hak-lan, 40. Chu, who was jailed in May last year for helping a Russian businessman get Brazilian passports, turned prosecution witness against the pair in this trial. Mr Wright adjourned sentencing until today for mitigation. The court heard that an inquiry began when the ICAC received information that Wong and Leung might have bribed a bank manager to help them launder money. Between November and December 1998, 'Richard' asked Chu - then a senior inspector in the Customs and Excise Department - if he could launder money for a 'friend' in Russia. Chu contacted Wong, who asked Leung to help. A series of meetings - many of them monitored by the ICAC - was held in the Grand Hyatt and Conrad hotels and at an office on the 37th floor of the Shun Tak Centre to discuss how money from Russian organised crime protection, extortion and prostitution rackets would be laundered through casinos or companies operated by Leung. Among them was the Oriental VIP Club in Macau's Mandarin Oriental Hotel, the court heard. In February last year, the ICAC arranged for a 'representative of a Russian organised crime group' known as 'Arkadiy' to pose as 'Richard's' boss from Moscow, an ICAC statement issued last night said. At the Shun Tak Centre meeting, it was suggested they start with a small transaction but that the amount would gradually increase to US$1 million (HK$7.78 million) per month and more. On February 25 last year Wong, Chu, 'Richard' and 'Arkadiy' went to a bank in the Shun Tak Centre to conduct the first money-laundering transaction involving US$20,000, the court heard. A further meeting of the group was held on March 3, when different methods of laundering different types of illegal funds were discussed. Wong urged that the money be channelled through Hong Kong because it 'is the money-laundering centre'. The meeting was terminated when ICAC officers burst in and made the arrests. Wong and Leung were remanded in custody until today's sentencing.