Chinese Men Under Investigation in $3.5m Money Laundering Case

An interior ministry report published in April said the two men had visited Cambodia on numerous occasions in the past.

Phnom Penh – Three Chinese men are being investigated by a Cambodian court for allegedly attempting to launder about $3.5 million they were transporting in cash from Hong Kong.

Kirth Chantharith, immigration department chief, wrote on his official Facebook page on Monday that the Phnom Penh Municipal Court had detained the men while they were carrying the cash to Cambodia.

“The result from interrogation shows that the two suspects, Wang Shiping, and Wang Lichao, did bring 3,520,000 US dollars from Hong Kong to Cambodia, claiming to invest in real estate and hotels and that the origin of the cash money is from [a] gambling win in Macao, borrowing from siblings and corporation profits, despite lacking paper evidence,” the post said.

In full: https://www.voacambodia.com/a/chinese-men-under-investigation-in-over-3-million-laundering-case/4900943.html

© 2019, The Cambodia Daily. All rights reserved No part of this article may be reproduced in print, electronically, broadcast, rewritten or redistributed without written permission.