A man from the mainland has been arrested for allegedly transferring illicit funds to an illegal currency exchange dealer to launder money, Judiciary Police (PJ) spokesman Cheong Kim Fong said during a regular press conference yesterday.
The suspect, surnamed Sun, is a 38-year-old man who says he’s a businessman.
According to Cheong, on Thursday, the victim, a male currency exchange dealer from the mainland, encountered Sun at a casino. They engaged in three separate transactions during the afternoon. In the first two deals, the victim provided HK$65,000 and HK$140,000, respectively, while Sun transferred varying amounts of yuan to the victim’s account online.
However, during the third transaction, the victim received a text message from the bank indicating suspicious activity in his account, leading to its subsequent freezing.
Refusing to hand over the cash, the victim noisily confronted Sun, alerting a security guard in the area. Both individuals were subsequently taken by the Public Security Police (PSP) to the Judiciary Police for investigation.
The police discovered that Sun had utilised someone else’s bank account to transfer yuan to the victim, sparking suspicions of money laundering. Sun refused to cooperate.
Sun has been transferred to the Public Prosecutions Office (MP), facing fraud and money laundering charges, Cheong said.
Judiciary Police (PJ) spokesman Cheong Kim Fong looks on during yesterday’s regular press conference. – Photo: William Chan
