Woman and father jailed for money laundering
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The District Court today (June 3) jailed a 38-year-old woman for six years and sentenced her 74-year-old father to 54 months' imprisonment for money laundering.

The court heard that Commercial Crime Bureau (CCB) received reports from victims overseas who said they had been deceived to deposit money into two companies' bank accounts in Hong Kong in late 2005.

Investigations revealed that a Mainlander had hired the woman's secretarial company for registering two companies in Hong Kong and setting up bank accounts for the companies. The woman assigned her father as the sole signatory of the bank accounts.

127 remittances of various currencies amounting to about HK$43.2 million were deposited into the bank accounts. Most of the money was then remitted to the Mainland.

The two were subsequently charged and sentences were handed down today.

Police Report No. 5
Issued by PPRB
Ends/Wednesday, June 3, 2009
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