2002-09-23 21:21 A 23-year-old man wanted in connection with a Loco-London trading scam was handed back to Hong Kong Police by their Mainland counterparts at Huang Gang Port today (September 23). The man, together with eight other men and seven women aged between 20 and 40, were arrested on December 7, 1999 and were charged on December 9, 1999 after the Police had received 140 complaints involving loss of about $25 million. The victims were recruited by a company as junior staff between May 1998 and December 1999. They were then induced to invest in gold or silver trade but were eventually told that their investment had fallen through. The 23-year-old man was charged with conspiracy to defraud and was sentenced to three years and eight months imprisonment in April last year. He absconded during the trial in February last year and the sentence was handed down in his absence. He was arrested by Shenzhen authorities earlier this month for a breach of law there. It was later disclosed that he was wanted by Hong Kong Police and was handed back to Hong Kong Police today. |