Burst
Written by: Ling Yide
2019-12-20 17:38
Last updated: 2019-12-20 20:55Police arrested three men and one woman in the Spark Alliance, alleging that they were involved in money laundering and frozen 70 million yuan in funds. The Spark Alliance bank account was suspended by HSBC last month. It is understood that after switching to a personal account to receive donations, one of the banks found that one of the persons involved was arrested. The company has a frequent cash transaction record for the past six months, so it reported to the police. After investigation, the police found that the arrested person was related to the Spark Alliance, and he spent hundreds of thousands of yuan from his account to purchase insurance annuity products.
Police allege that the three men and one woman arrested have been released on bail pending further investigation. They must report to the police in mid-January next year. The Spark Alliance told Facebook that the platform's arrest support work has never been affected.
Police yesterday (19th) alleged that 70 million funds of the Spark Alliance were frozen and 4 people were arrested for money laundering. (Profile picture)
It is reported that the Spark Alliance bank account was recently closed by HSBC, so it switched to a personal account to receive donations, which caused a large amount of cash transaction records in the account. It is understood that one of the arrested persons has set up a Jiejie service company for many years and has no record of cash in and out, but in the past six months, there have been frequent cash transaction records many times, causing the bank to suspect and make suspicious transaction reports to the police. The Wealth Investigation Unit of the Police Drug Investigation Bureau investigated a large amount of suspicious transactions involving personal investment products. The beneficiary was the arrested person. He discovered that it was related to the Spark Alliance.
Hundreds of thousands of purchases of insurance annuity products
Sources said that the arrests of 3 men and 1 woman included a 17-year-old male student named Yu Lida, a 22-year-old female clerk named Lei, a 28-year-old male clerk named Wu Nan, and a 50-year-old person named Wang. The man named Wang was an empty shell. The director of the company has no criminal record. The police found a large amount of cash deposits from the relevant accounts. He also found that he spent hundreds of thousands of yuan from the account to purchase insurance annuity products from another bank; the rest The personal accounts of the three arrested persons had received donations from the Spark Alliance.
The company's registered address is a secretary company. (Photo by Cai Zhengbang)
Company employees: The directors involved rarely return to the company
Hong Kong 01 checked the relevant company registration information. The arrested man named Wang was the sole director of two service management companies. The two companies were established in 2011 and last month respectively. Hong Kong 01 learned from the registered address of the company involved. The address is a secretarial company. The staff member said that the director involved rarely returned to the company. He usually left after receiving the letter. It has been several months since he last saw him. before.
Spark: Four have been released on bail
The Star Alliance stated on Facebook this afternoon that the four arrested persons had been released on bail last night (19th) and also said that the platform ’s arrest support work has never been affected and will continue to give full support to those arrested for the protest. person.
[Frozen Sparks] Police Refers to Spark Alliance's Money Laundering Freezes $ 70 Million, Detains Four
[Frozen Spark] Civilian Support for the Arrested Fund was established after the Spark Alliance riots in Mong Kok
[Frozen Spark] Police Suspicious Transactions Reveal Partial Donations, Buy Directors of Investment Products as Beneficiaries
[Frozen Spark] HSBC: Closing the account is not a hasty decision to emphasize that it has nothing to do with the arrest
Spark Alliance Money Laundering Police Force