Four Hongkongers were arrested as police cracked a money laundering racket involving a staggering HK$1.8 billion.
In February 2012, police received reports from two firms in Sweden and the Netherlands saying someone had posed as their business partners in emails and asked them to deposit payments into a Hong Kong bank account of a local company.
Officers from the Kowloon East regional crime unit nabbed three women and a man, aged 25 to 54, from two flats in Tseung Kwan O and Wong Tai Sin on Thursday morning.
Investigators found that they had opened 10 bank accounts personally or in the name of shell companies, and had allegedly laundered a total of HK$1.8 billion from June 2010 to March 2012.
The three women were charged with dealing with property known or believed to represent proceeds of an indictable offence, conspiracy to deal with property known or believed to represent proceeds of an indictable offence and other charges.
They will appear in Kwun Tong Court on April 22. The case will be handed to the High Court.
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