Hong Kong woman jailed for 10 years for laundering US$877m


HONG KONG: A Hong Kong public housing tenant was jailed for 10 years on Tuesday for laundering more than HK$6.8 billion ($877 million) through nine banks, just two months after a Chinese man was imprisoned in the Asian financial centre's biggest such case.

Lam Mei-ling, 61, laundered the money between 2002 and 2005 with about 39,500 bank transfers, the Court of First Instance heard.

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