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NEWS: 175 arrested in Hong Kong money laundering crackdown after victims scammed out of $100M

Hong Kong Money laundering hub

By Paul O’Donoughue

Hong Kong police have arrested 175 suspects alleged to be linked to various scams which swindled HK$780 million (US$100 million) from hundreds of victims.

A police spokeswoman said officials arrested 175 people, aged 17 to 75, in a 16-day operation between May 27 and June 11, according to the Hong Kong Standard newspaper.

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