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Man jailed for conspiracy to money laundering

     A 52-year-old man was convicted of conspiracy to money laundering and was sentenced to two years and four months¡¦ imprisonment at District Court today (January 15).

    The court heard that Police received reports from May 2010 to January 2011 that a total of 26 overseas victims remitted a total sum of about $1.8 million as the handling fee to several remittance agencies and a bank account that belonged to the defendant in Hong Kong in the period of March 2010 to January 2011 after they received phone calls claiming that they had won lotteries.

    Commercial Crime Bureau (CCB) took over the cases for investigations and found that the defendant acted on the instructions of an unknown man to withdraw the sum in various occasions from those remittance agencies and the defendant¡¦s bank account. He thereafter handed over the concerned crime proceeds to the said unknown man in order to receive a reward of $300 to $500 on each occasion.   

   After investigations, officers of CCB arrested the defendant in April 2011. The defendant was subsequently charged with one count of ¡§Conspiracy to Deal with Property known or believed to represent Proceeds of Indictable Offence¡¨. He was convicted of the offence and the sentence was handed down today.

Police Report No. 270

Ends/Tuesday, January 15, 2013
Issued at HKT 19:51


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