Alleged Hong Kong Triad Leader Arrested for Laundering More Than HK$100 Million

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Alleged Hong Kong triad leader “Shanghai Boy” Kwok Wing-hung was arrested on Wednesday on suspicion of laundering more than HK$100 million, police sources revealed.

One source said Kwok, 59, was accused of filtering the money from illegal bookmaking through four bank accounts in the city over five years.

Kwok was picked up shortly after daybreak when officers from the Narcotics Bureau’s financial investigation squad raided his Repulse Bay flat. He was taken to Aberdeen police station.

Read the original article here: scmp.com


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