Muay Thai group leader and wife arrested for laundering HK$267 million
Police claim couple used seven bank accounts over seven-year period
A prominent Muay Thai organisation leader who has been linked to Hong Kong triad activities in the past has been arrested along with his wife for laundering more than HK$267 million over a seven-year period.
Lee Yuk-tim, a former president and now honorary superintendent of the Hong Kong Muay Thai Association, and his wife, both 59, were arrested in a police raid code-named “Hardfrost” on Tuesday.
Officers from Kowloon East regional crime unit swooped on their home in Marina Cove in Sai Kung.
An investigation showed Lee – nicknamed “Ghost Tim” – and his wife had laundered more than HK$267 million using seven bank accounts from August 2007 to October 2014, a police spokesman said.
Some bank documents, cash and jewellery were seized from the home.
The spokesman said a couple whose background involved triad activities had been detained for questioning.