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Six defendants, aged between 29 and 60, were sentenced at the District Court today (October 8) for thirteen charges including conspiracy to defraud, false statement by company director and dealing with crime proceeds.
A 51-year-old man, being the mastermind of the syndicate, was sentenced to seven yearsˇ¦ imprisonment and two company directors, a 45-year-old woman and a 47-year-old man, were sentenced to six yearsˇ¦ imprisonment respectively. The remaining three money launderers, two men and one woman aged from 29 to 60, were sentenced to imprisonment ranging from three years to five years and four months.
Police welcome the sentence delivered by the Court today. The scam perpetrated by the defendants is a very serious crime. Such kind of crimes would adversely affect the reputation of Hong Kong as one of the major international financial centres in the world. The successful prosecution of this case demonstrates that Police have the determination and capability to fight this kind of crime and bring the fraudsters to justice.
Commercial Crime Bureau officers arrested the six people between 2006 and 2007 for defrauding the shareholders of a former listed company for $180 million through a sophisticated scam. They were subsequently charged with thirteen charges including conspiracy to defraud, false statement by company director and dealing with crime proceeds. They were found guilty at District Court on September 16 this year.
Police Report No. 17
Issued by PPRB
Ends/Friday, October 8, 2010
Issued at HKT 22:31
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