Oct. 26, 2022, 1:10 AM
Hong Kong Customs have arrested two men involved in the city’s largest money-laundering case ever.
The case involved selling precious metals worth about HK$3.5 billion ($446 million), according to a government statement on Wednesday. The men, 30- and 48-years old, dealt with the suspected crime proceeds through selling precious metals with unknown sources and using company bank accounts between 2020 and 2021, the agency said.
Authorities will hold a press conference at 11 a.m. local time.
Just last month, Hong Kong authorities arrested four suspected triad gang members in connection with laundering HK$411 million in crime proceeds over two years. …
