According to a press release on June 18, a businessman was charged by the ICAC on June 17 for allegedly laundering crime proceeds totalling over RMB 400 million through a bank account in Hong Kong. Tan Kim Chwee, 60, faces one count of dealing with property known or believed to represent proceeds of indictable offence, contrary to section 25(1) of the Organized and Serious Crimes Ordinance. He was released on ICAC bail, pending his appearance at the Eastern Magistrates’ Courts on June 19 for mention.
Resources: https://www.icac.org.hk/en/p/press/index_id_1897.html
