Four associates of bookmaking ex-sergeant in Hong Kong police found guilty of laundering more than US$12.8m from illegal horse and football betting
- Four men, including brother-in-law, younger brother and former subordinate allowed bank accounts to be used for channelling illicit funds
- Judge says ‘Imprisonment is inevitable’ – as sentence to be handed down August 29
Four men who lent their bank accounts to a former Hong Kong police sergeant to channel more than HK$100 million (US$12.8 million) from illegal horse and football betting were on Monday found guilty of money laundering.
Their trial came after the retired sergeant, So Wing-yiu, 71, pleaded guilty in April to one count of bookmaking and seven counts of dealing with property known or believed to represent proceeds of an indictable offence.
So’s younger brother So Wing-wah, 66, was found guilty of two counts of money laundering. His nephew So Kwok-chung, 47, brother-in-law Lo Chi-keung, 60, and former subordinate Tsang Kwok-wai, 62, were each found guilty of one count of money laundering.
All five men will be sentenced on August 29, pending their background reports and further mitigation.
Imprisonment is inevitable
Deputy District Judge Newman Wong Hing-wai said: “Imprisonment is inevitable.”