Hong Kong customs officials have made a significant breakthrough in the territory's largest ever money laundering case, arresting seven individuals linked to the illicit activity. The operation involved approximately 14 billion Hong Kong dollars ($1.8 billion), with some of the funds traced back to a scam case in India.
The arrested individuals, all Hong Kong residents aged between 23 and 74, were part of a large-scale transnational syndicate. This syndicate utilized various shell companies and bank accounts to transfer substantial sums of money from overseas to Hong Kong, disguising the transactions as international trading businesses, according to customs officials.
