A man was arrested in a suspected money laundering case involving about HK$7.4 million after a follow-up investigation on a live coral smuggling case identified in 2022 by customs. The man was arrested for money laundering. Customs detected a sea smuggling case in July 2022, with three men arrested and seized a batch of goods including suspected scheduled live corals that worth around HK$800,000. The funds, about HK$7.4 million in total, were suspected to be crime proceeds connected with the smuggling case. The man arrested today has been released on bail pending investigation.

Source: The Standard January 12, 2024 01:01 UTC