Man jailed for money laundering
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A 29-year-old man convicted of money laundering was sentenced to 28 months' imprisonment by the District Court today (March 17).

The Court heard that in August 2008, several victims living overseas received phone calls from a man who claimed himself as a staff from a travel company in Hong Kong and that the victims have won prizes of $1.5 million in lucky draws. In order to receive the prizes, victims were required to deposit advance fees from $30,000 to $150,000 into designated bank accounts.

Some victims deposited the required fees as instructed but later felt suspicious and reported the case to Hong Kong Police.

After in-depth investigations, officers of the Commercial Crime Bureau arrested the 29-year-old man in Mong Kok area on September 10, 2008 and he admitted that he met a foreign man overseas who asked him to assist in dealing with some money transfer and promised to give him $50,000 as reward.

The 29-year-old man was charged with dealing with property known or believed to represent proceeds of indictable offence and sentence was handed some today.

Police Report No. 5
Issued by PPRB

Ends/Tuesday, March 17, 2009
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