Police seize assets worth over $70 million in money laundering investigation
RNZ, 16 June 2021
Police have seized over $70 million – mostly cash – linked to an international pyramid scheme in China and Canada.
The High Court has approved a settlement between Police and Xiaohua (known as Edward) Gong that enables the forfeiture of over $70m.
It is New Zealand’s largest ever forfeiture under the Criminal Proceeds (Recovery) Act 2009. Continue reading “Article: Police seize assets worth over $70 million in money laundering investigation”
The Commonwealth Bank of Australia (ASX: CBA) share price broke a new record high on Wednesday despite being tainted by a money laundering scandal.
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