2 arrested in raid on Hong Kong syndicate accused of laundering HK$4.7 billion
Hong Kong customs officers have arrested two men in a crackdown on a syndicate accused of laundering HK$4.7 billion (US$600.54 million) in criminal proceeds over four years and running a drug business. Investigators from customs’ financial investigation bureau said on Thursday the group operated through two companies, receiving large sums of unexplained funds and channelling…