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 From Hong Kong's Information Services Department
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January 19, 2007
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Crime
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Pair jailed for money laundering
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Hong Kong Police

The District Court has jailed a man and his wife, both aged 48 years, for six and a half years for conspiracy to launder money.

 

The court heard that between 1991 and 2001, three men who were staff of a bank sent money stolen from the bank to the couple - a cousin of one of the staff and his wife - to be laundered through their company.

 

The pair was arrested individually for conspiracy to launder money on October 18 and 22, 2001.

 

Investigations revealed that the two used the company to launder around $6.5 billion between 1995 and 2001. Hong Kong Police recovered and retained around $850 million.