Hong Kong police arrest 15 in crackdown on HK$1.1 billion laundering operation

South China Morning Post · 10 months ago · 67 views

Hong Kong police have arrested 15 people in a crackdown on a triad-linked money laundering syndicate accused of handling more than HK$1.1 billion (US$142 million), with tens of millions of dollars in cash and assets found at the suspected ringleader’s flat. Police said on Sunday that the group were taken into custody earlier this week on suspicion of money laundering, operating illegal gambling dens and gambling in such establishments, among other offences. The suspects comprised 10 men and five...