Eight people, including a former bank manager, were charged yesterday over their alleged involvement in Hong Kong's biggest money-laundering racket, in which $50 billion is thought to have been 'cleaned' through a single branch of a bank in Tsim Sha Tsui over five years. The eight were among 39 people arrested in an Independent Commission Against Corruption operation last September in connection with activities at the Po Sang Bank in Kimberley Road, and will appear at Eastern Court tomorrow. Following the swoop, a special taskforce was set up to allow the ICAC and the police-run Commercial Crime Bureau to jointly investigate alleged corruption, money laundering and deception involved in the cross-border case. Six of the suspects have been charged with corruption and money laundering offences. They are Lam Yiu-chung, 47, former senior manager of Po Sang Bank; Chan Chung-ming, 41, and Judas Yip Heong-wing, 52, shareholders and directors of Guardecade Ltd; Wong Sung-tak, 30, Wong Sung-kai, 36, respectively shareholder and clerk of Guardecade; and Chiu Lam-lung, 26, a driver. They had allegedly conspired with others to deal with sums of cash between April 1996 and September last year. Former bank manager Lam is also alleged to have accepted US$20,000 (HK$156,000) in loans for showing favour to Guardecade in business dealings. Three of the suspects, Lam, Chan and Yip, are also alleged to have used deposit slips with false statements to deceive the bank. Another two defendants, businessman Yiu Chik-chuen, 58, and his wife, Chung Hau-kam, 50, were charged with five deception and money laundering offences. They were said to have falsely represented that there were genuine commercial transactions between the couple's companies and some mainland firms. Thirty-five other people involved in the case have been prosecuted for illegal remittance offences. They were given suspended jail sentences or fined by the court. Inquiries by the joint ICAC-police taskforce into suspected money laundering activities are continuing.