Deception cases in Hong Kong nearly doubled from 8,216 in 2019 to 15,553 in 2020. Photo: Warton Li
Deception cases in Hong Kong nearly doubled from 8,216 in 2019 to 15,553 in 2020. Photo: Warton Li

Nine detained in HK$900 million laundering bust in Hong Kong involving 300 bank accounts

  • Around HK$35 million of the money came from 30 investment frauds and 25 romance scams between February 2020 and January this year
  • Investigators are tracing the sources of other crime proceeds the ring may have laundered and say further arrests are possible

Deception cases in Hong Kong nearly doubled from 8,216 in 2019 to 15,553 in 2020. Photo: Warton Li
Deception cases in Hong Kong nearly doubled from 8,216 in 2019 to 15,553 in 2020. Photo: Warton Li
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