The nearly seven-year sentence underscores the city’s crackdown on mainland elites using shadow banks to obscure illicit wealth
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A Hong Kong court sentenced the son of a former senior Chinese official to nearly seven years in prison on Thursday for laundering more than HK$64 million ($8.16 million) in illicit funds and fraudulently securing residency in the financial hub.
Xiao Rui, whose father was a top anti-corruption investigator in Wuhan, was found guilty of funneling illicit funds and bribes…
Xiao Rui, 37, also faces criminal sanctions for using bogus bank records to deceive Immigration Department into granting him…
Judge says Xiao Rui undermined the effectiveness of cash-for-residency scheme by deceiving Immigration Department into granting…
Suen Kin Wing stole nearly HK$135 million from a client on the Chinese mainland to buy luxury cars and global real estate
Court hears Chiu Man-to, 26, ignored suspicions his accounts were illegally used for money laundering.
A Beijing court ruled that Zhao Ruisheng illegally used surveillance and bank records to pressure the official and his wife,…
