Hong Kong: Four suspected members of the triad gang were detained by Hong Kong authorities just last month in connection with the laundering of HK$411 million in criminal gains over a two-year period.
According to the bureau, the case involved trading 8 tonnes of mostly gold and palladium worth around HK$3.5 billion ($446 million) during a two-year period. The volume of cases discovered by Customs at the time was the highest ever.
In connection with suspected money laundering, authorities last week detained two men, ages 30 and 48, and searched their homes, two secretariat companies, a precious metal company, and a nearby foreign exchange shop.
At a press briefing on Wednesday, Rita Li, the director of the Syndicate Crimes Investigation Bureau of Customs, claimed that the individuals allegedly traded metals and transferred money to various mainland Chinese companies or offshore shell accounts.