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A 61-year-old woman was jailed for two years and four months for money laundering at District Court today (January 27).
The court heard that the defendant was asked to receive a substantial sum of $7 million and transfer the sum to a local bank account in March 2006. The defendant complied without making any clarification of the source of funding. The money was in fact crime proceeds of a fraudulent machinery purchase. The defendant fled to Mainland in August 2006 and was arrested by officers of Commercial Crime Bureau upon her return to Hong Kong in September 2011.
The defendant was subsequently charged one court of with dealing with property known or believed to represent proceeds of indictable offence and sentence was handed down today.
Police Report No. 203
Ends/Friday, January 27, 2012
Issued at HKT 20:28
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