Two nabbed in one of Hong Kong's biggest money-laundering cases ever

People walking at a tram stop in Hong Kong, which has seen a spate of money-laundering cases this year. - AFP

HONG KONG (Bloomberg): Hong Kong Customs has arrested two men involved in one of the city’s largest money-laundering cases ever.

The case involved dealing in eight tonnes of mainly gold and palladium valued at about HK$3.5bil (RM2bil) over a two-year period, according to the agency. It was the largest ever amount among cases detected by Customs.