Date
27 July 2017
One of the suspects in the money laundering case is a 37-year-old woman surnamed Poon who worked in a currency exchange shop in Central. Photos: Ming Pao, Baidu
One of the suspects in the money laundering case is a 37-year-old woman surnamed Poon who worked in a currency exchange shop in Central. Photos: Ming Pao, Baidu

Two phone scam suspects arrested in HK$1.8 bln laundering case

Police arrested two Hong Kong residents suspected of laundering HK$1.8 billion, including money from suspected phone scam operations.

The suspects, a 37-year-old woman surnamed Poon and 43-year-old male warehouse worker surnamed Dai, are said to be involved in a major cross-border telecom fraud case that was busted in a joint police operation involving authorities from mainland China, Hong Kong, Taiwan, Indonesia and Cambodia last month, Ming Pao Daily reported.

Preliminary investigation showed that the two suspects handled HK$1.8 billion in seven fake bank accounts through a shell company. Around HK$6.8 million was traced to a phone scam syndicate in Indonesia.

Poon, who worked in a currency exchange shop in Central, is suspected of taking advantage of her work and knowledge of how to avoid industry inspection, and asking Dai to open bank accounts via a shell company under his name to launder money.

Authorities have frozen HK$19 million in savings accounts, of which HK$2.65 million is believed to be related to two telecom scams that happened in Hong Kong between May and June this year.

Police arrested Dai in Sau Mau Ping and Poon in Hong Kong Island on Monday. Both were being detained for further questioning.

The investigation is continuing and police are not ruling out more arrests.

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KZ/AC/CG

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