Read the full judgment text of DCCC 968/2011 on BabelCite. This District Court judgment.
1. The defendants pleaded guilty to one joint charge of conspiracy to deal with property known or reasonably believed to represent proceeds of an indictable offence, more commonly known as ‘money laundering’, contrary to s.25(1) and (3) of the Organized and Serious Crimes Ordinance, Cap.455 (“OSCO”) and ss.159A and 159C of the Crimes Ordinance, Cap.200. The maximum sentence on conviction of this offence upon indictment is that of a fine of $5,000,000 and imprisonment for 14 years.
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