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?????A 37-year-old Mainland man was convicted of two counts of money laundering and sentenced to five yearsˇ¦ imprisonment at District Court today (April 26).
?????The Court heard that between August and September 2011, a Dutch company received bogus e-mails which purported to be sent from its client and instructed the company to transfer USD$388,000 into the defendantˇ¦s company bank account in Hong Kong. Learning that it was deceived, the company subsequently made a report to Hong Kong Police.
?????During the investigation of the above case by officers of the Commercial Crime Bureau, it was also revealed that the defendant used his three local bank accounts to deal with more than HKD$672 million suspected crime proceeds between November 2010 and October 2011. He was arrested when he entered Hong Kong in August 2012, and was subsequently charged with two counts of dealing with property known or believed to represent proceeds of indictable offence. He was convicted of the charge and the sentence was handed down today.
?????Police reiterate that money laundering is a serious crime. Knowing or having reasonable grounds to believe any property in whole or in part, directly or indirectly represents any proceeds of an indictable offence, and deal with that property shall be liable to money laundering. The maximum penalties of this offence is a fine of of $5 million and sentenced to imprisonment for 14 years.
Police Report No. 317
Ends/Friday, April 26, 2013
Issued at HKT 20:54
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