Convict in massive HK scam just a school dropout

Updated 23 January 2013
0

Convict in massive HK scam just a school dropout

HONG KONG: The trial over one of Hong Kong’s biggest ever money laundering scams saw a mainland Chinese man jailed on Wednesday for a fraud involving $1.69 billion, according to court officials and press reports.
The city’s high court sentenced Luo Juncheng to 10 and a half years in jail for “dealing with property known or reasonably believed to represent proceeds of an indictable offense,” a judiciary spokeswoman told AFP.
Luo, a 22-year-old school dropout from neighboring Guangdong province, had laundered around HK$50 million ($6.4 million) every day between August 2009 and April 2010, according to reports quoting testimony at the trial.
Some HK$13.1 billion ($1.69 billion) passed through his bank account during the period, the Standard newspaper reported.
It was not clear where the funds came from.
The legal spokeswoman could not confirm the details of the case while a law firm representing Luo refused to comment when contacted by AFP.
Handing down the sentence, Judge Esther Toh said sentencing for money laundering needed to be revised, with the number of cases rising in recent years, according to the Standard.
Under current Hong Kong laws, anyone found guilty of money laundering faces up to 14 years in jail.


World’s oldest person dies in Japan at age of 117

Updated 22 April 2018
0

World’s oldest person dies in Japan at age of 117

  • Tajima was born on Aug. 4, 1900, and had more than 160 descendants
  • Chiyo Yoshida, another Japanese woman aged 116, is now the world’s oldest person, says Gerontology Research Group

TOKYO: The world’s oldest person has died in southern Japan at the age of 117.
An official in the town of Kikai says Nabi Tajima died in a hospital on Saturday shortly before 8 p.m. She had been hospitalized since January.
Tajima was born on Aug. 4, 1900, and reportedly had more than 160 descendants, including great-great-great grandchildren. Her town of Kikai is in Kagoshima prefecture on Kyushu, the southernmost of Japan’s four main islands.
She became the world’s oldest person seven months ago after the death of Violet Brown in Jamaica, also at the age of 117.
The US-based Gerontology Research Group says that another Japanese woman, Chiyo Yoshida, is now the world’s oldest person in its records. She is 116 years old.