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Woman jailed for money laundering
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     A 39-year-old female was jailed for three years for money laundering at the District Court today (March 6).

     The court heard that the Police received a report in June 2012 that a 37-year-old man, who was an accounting officer of an insurance company, misappropriated about $73.8 million by deceiving the company to issue cheques to forged clients between December 2008 and January 2012. The man was arrested in June 2012 and was later charged with two counts of fraud and money laundering.

     Further investigations by officers of Commercial Crime Bureau revealed that the 39-year-old defendant lent her account to the 37-year-old man between March 2009 and January 2012 to deal with $25.7 million allegedly engaged in various gambling activities. She was arrested in July 2012 and was subsequently charged with one count of money laundering.  

     The defendant was earlier convicted of the offence and was sentenced to jail today. The 37-year-old man was jailed for seven years and six months for fraud and money laundering at the Court of First Instance earlier.

     Police reiterate that money laundering is a serious offence and appeal to the public to refrain from lending their accounts for any suspicious purpose. Anyone who lends his or her bank account to others for illegal purpose may contravene section 25 of Cap 455, "Dealing with property known or believed to represent proceeds of indictable offence" under Organized and Serious Crimes Ordinance and may be liable to a maximum penalty of a fine of $5 million and 14 years' imprisonment.

Police Report No. 278

Ends/Thursday, March 6, 2014
Issued at HKT 18:29

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