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A 50-year-old woman was convicted of money laundering offence at the District Court today (September 4). The case was adjourned to September 18 for sentence.
The court heard that between August 2002 and March 2004, a company had inflated its sales revenue by $300 million by false overseas sales invoices in order to be listed on the Main Board. The defendant was the then accounting manager of the company when a circulation of fund amounting to $68 million was channelled via her personal bank account to generate false sales.
She was convicted of dealing with property known or believed to represent proceeds of an indictable offence and the case was adjourned to September 18 for sentence.
Police appeal to the public to refrain from lending their accounts for any illegal purposes, thus contravening ˇ§Dealing with property known or believed to represent proceeds of an indictable offenceˇ¨ under the Organized and Serious Crimes Ordinance (section 25 of Cap 455).
Police Report No. 306
Ends/Tuesday, September 4, 2012
Issued at HKT 22:01
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