Police dismantle alleged triad group that ran account centres to launder HK$600 million

Hong Kong police have arrested 147 people after uncovering a triad syndicate suspected of setting up centres to coordinate bank accounts and handle HK$600 million (US$76 million) in allegedly illicit proceeds. Police said on Sunday that they had conducted a citywide operation code-named “Rapidhorse” over the previous two days against the syndicate allegedly operating drug and illegal gambling dens in Kowloon and the New Territories. The operation involved undercover detectives, the force...

By Leopold Chen