Hong Kong arrests two in US$446 million money-laundering case

Hong Kong arrests two in $446 million money-laundering case

Precious metals can be bought and sold anonymously in Hong Kong

Hong Kong arrests two in US$446 million money-laundering case

The men laundered funds by reselling precious metals such as gold and palladium.

Two nabbed in one of Hong Kong's biggest money-laundering cases ever

Hong Kong Customs has arrested two men involved in one of the city’s largest money-laundering case ever.

Hong Kong police arrest 2 in HK$3.5 billion money-laundering case

Hong Kong authorities have arrested two men for laundering funds worth HK$3.5 billion (US$446 million) by reselling precious metals, one of the city’s largest money-laundering cases, officials said Wednesday.The two were involved in a scheme selling around eight tonnes of precious metals — mostly gold and palladium — between 2020 and 2021 for returns “incommensurate” with their backgrounds, customs official Rita Li said at a press conference.Cus…

Hong Kong Arrests Two In $446 Million Money-laundering Case

Hong Kong authorities have arrested two men for laundering funds worth HK$3.5 billion ($446 million) by reselling precious metals, one of the city's largest money-laundering cases, officials said Wednesday.

Hong Kong Nabs Two in Record $446 Million Money Laundering Case

Hong Kong Customs has arrested two men involved in one of the city’s largest money-laundering cases ever.