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Three arrested for money laundering after raising $1.8 million in support of the Hong Kong protests in the name of HKTVmall staff
(16 Jul) Three HKTVmall former and current employees were arrested for allegedly raising $1.8 million online since last year, claiming that the funds were used to buy supplies to support the protests. The incident involves a telegram channel named “HKTVmall employee voluntary support scheme”.
Officers from the Hong Kong Narcotics Bureau and Financial Investigation discovered unusual cash transactions involving around $1.1 million in a man’s bank account last year. The 26-year-old man, Lau, was arrested in December last year on suspicion of "money laundering". Investigations revealed that the man was suspected of being involved in an online fundraising campaign, claiming that the money would be used to buy supplies for supporting illegal assemblies.
Police continued to trace the man’s source of funds and found that there were also unusual and large cash transactions involving a total of $1.8 million in the accounts of another man and woman, of which $500,000 was later deposited into Lau’s account. Police arrested a 23-year-old man, Cheung, and a 25-year-old woman, Tam, in Hung Hom and Sheung Shui yesterday (15 Jul) on suspicion of money laundering.
It is understood that the arrestees are current and former employees of HKTVmall. All of them have been released on bail pending investigation, and will have to report to the police in early August and mid-September. The Telegram channel in question, which stopped operating late last year, issued a message in January condemning a former administrator for using the channel's name to raise funds.
Source: MingPao
Translated by: HongKongEcho
#Hongkongprotest #HKTVmall #Funds #moneylaundering #PoliceState #fundraisingcampaign
Three arrested for money laundering after raising $1.8 million in support of the Hong Kong protests in the name of HKTVmall staff
(16 Jul) Three HKTVmall former and current employees were arrested for allegedly raising $1.8 million online since last year, claiming that the funds were used to buy supplies to support the protests. The incident involves a telegram channel named “HKTVmall employee voluntary support scheme”.
Officers from the Hong Kong Narcotics Bureau and Financial Investigation discovered unusual cash transactions involving around $1.1 million in a man’s bank account last year. The 26-year-old man, Lau, was arrested in December last year on suspicion of "money laundering". Investigations revealed that the man was suspected of being involved in an online fundraising campaign, claiming that the money would be used to buy supplies for supporting illegal assemblies.
Police continued to trace the man’s source of funds and found that there were also unusual and large cash transactions involving a total of $1.8 million in the accounts of another man and woman, of which $500,000 was later deposited into Lau’s account. Police arrested a 23-year-old man, Cheung, and a 25-year-old woman, Tam, in Hung Hom and Sheung Shui yesterday (15 Jul) on suspicion of money laundering.
It is understood that the arrestees are current and former employees of HKTVmall. All of them have been released on bail pending investigation, and will have to report to the police in early August and mid-September. The Telegram channel in question, which stopped operating late last year, issued a message in January condemning a former administrator for using the channel's name to raise funds.
Source: MingPao
Translated by: HongKongEcho
#Hongkongprotest #HKTVmall #Funds #moneylaundering #PoliceState #fundraisingcampaign
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以HKTVmall員工名義眾籌180萬支援示威 3人涉洗黑錢被捕 (21:47) - 20200716 - 港聞
3名HKTVmall的員工及前員工去年及今年先後被捕，涉嫌自去年起在網上眾籌約180萬元，聲稱用以購買物資，支援示威活動。據悉，事件涉及一個名為「HKTVmall員工自發助養計劃」的Telegram頻道。
The 2021 Budget said that the police force will receive 25.7 billion HKD while the medics will only get 100 million HKD in the upcoming year.
#2021Budget #Funds #GoHKgraphics
#2021Budget #Funds #GoHKgraphics