Man jailed for money laundering
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A 42-year-old Dutch man convicted of money laundering was sentenced to two years and four months of¡@jail by the District Court today (March 17).

The Court heard that in early 2008, the defendant, the director of a Dutch company specialized in sales of art products, made false payment instructions to a Dutch Bank and deceived it to transfer money to his company.

In June 2008, the defendant arrived Hong Kong and established a shell company. He then transferred all the deceived money (with a total amount of about EUR 378,000) from Netherlands to that company and his personal account in Hong Kong.

Police later received a report and the Commercial Crime Bureau (CCB) took over the case for investigations. In September 2008, the officers of CCB arrested the defendant when he was about to depart from Hong Kong.

The defendant was subsequently charged for money laundering. He was convicted of two counts of the charges and the sentence was handed down today.

Police Report No. 3
Issued by PPRB

Ends/Tuesday, March 17, 2009
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