Evidence seized during the bust of a Hong Kong money-laundering ring that moved HK$880 million in just 11 months. Photo: Sam Tsang
Evidence seized during the bust of a Hong Kong money-laundering ring that moved HK$880 million in just 11 months. Photo: Sam Tsang
Crime
Hong Kong /  Law and Crime

Four arrested as Hong Kong customs busts money-laundering ring that moved HK$880 million in just 11 months

  • The illegal operation used a local remittance firm in Wan Chai and involved more than 20 shell companies
  • One of those arrested is believed to be the ringleader of the syndicate

Clifford Lo
Clifford Lo

Updated: 11:42pm, 15 Dec, 2020

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Evidence seized during the bust of a Hong Kong money-laundering ring that moved HK$880 million in just 11 months. Photo: Sam Tsang
Evidence seized during the bust of a Hong Kong money-laundering ring that moved HK$880 million in just 11 months. Photo: Sam Tsang
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