top of page
Writer's picturePrudent

Hong Kong man arrested for fraud of considerably huge amount and money laundering

On 7th September 2024, the Judiciary Police received a complaint from the mainland female victim, who alleged that after conducting money exchange with someone, she found that her receiving bank account had been frozen.  She suspected that she was defrauded, suffering a loss of RMB340,000 (equivalent to MOP384,000 approximately).

Case details revealed that on September 5, the victim requested an unknown “money exchange gang” that she had met earlier to transfer the money that she won from gambling to her mainland bank account by means of money exchange.  On the same day, the involved Hong Kong man was assigned to conduct the transaction with the victim at a hotel in Cotai district, exchanging HKD480,000 into RMB442,800, and transferring RMB340,000 and RMB102,800 to the victim’s bank account respectively.  After confirming that her mainland bank account had received the money transfer from the other party, the victim handed over HKD 480,000 in cash to the other party.  Later, the victim found that RMB340,000 of the total amount had been frozen.

The Economic Crimes Division of the Judiciary Police followed up with the investigation, and confirmed that the victim’s mainland bank account had been frozen by the mainland police due to the receipt of the transfer made by the involved man.  On the evening of September 10th , the involved man was intercepted while he was entering via the Macao Port of Hong Kong-Zhuhai-Macao Bridge and was brought back to the Judiciary Police for investigation.

Based on investigative findings, the Judiciary Police transferred the involved man to the Public Prosecutions Office for the offences of fraud (considerably huge amount) and money laundering, while continuing to pursue the criminal proceeds and the persons at large.

Comments


iStock-1196103591_edited.jpg

Make the right and trusted choice to grow

bottom of page