Hanoi court sentences transnational money laundering ring members

May 21, 2024 | 17:11

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The Hanoi People's Court sentenced a total of 21 defendants involved in a transnational money laundering ring led by Chinese nationals.

Hanoi court sentences transnational money laundering ring members

Defendants at the court (Photo: VNA)

Hanoi – The Hanoi People's Court sentenced a total of 21 defendants involved in a transnational money laundering ring led by Chinese nationals.

Among them, 14 were charged with "fraudulent appropriation of property". They received sentences ranging from 12-18 years.

The seven convicted of "money laundering" were sentenced to imprisonments of between six and 11 years.

Between September 27 and November 9, 2022, police arrested Mac Binh Hung and many others of the 777pay criminal group belonging to Jinbian Company headquartered in Cambodia.

The group provided bank accounts for fraudsters to instruct Nguyen Thi L, 39, residing in Cau Giay district, Hanoi, to transfer money for them, with transactions worth nearly 20 billion VND (785,778 USD) in total carried out from August 25-30, 2022. The woman reported the case to the Hanoi police after recognising that she had been deceived.