HALISTER1: Hong Kong Releases Man Over Austria’s FACC Fraud on Bail

Hong Kong Releases Man Over Austria’s FACC Fraud on Bail

(Bloomberg) -- The 29-year-old Chinese man was arrested for money laundering on July 1, Hong Kong Police say in an emailed statement.
  • Arrest made following report H.K. Police received in Jan. about fictitious emails that directed foreign co. to transfer funds to a Hong Kong bank account,causing EU4m loss
  • Investigations are underway, H.K. Police say
  • The 29-year-old was released on bail and will report back to police in late September
  • NOTE: Hong Kong Arrested Man Over FACC Fraud, Austrian Police Say NSN OCILT26K50YE
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Source: BFW (Bloomberg First Word)

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