5 Jun 2014
HKSAR v. LI KWOK CHEUNG GEORGE
- Citation
- HKSAR v. LI KWOK CHEUNG GEORGE
- Court
- Court of Final Appeal
- Case number
- FACC4/2013
The Court held that 'proceeds of an indictable offence' in s25(1) OSCO is confined to money or property derived from or received as a reward/benefit from the commission of the predicate offence; section 2(6)(a) does not extend the concept to otherwise legitimate ('clean') funds used as instruments to further a crime; because the $32 million was clean money intended only as an instrument and there was no evidence appellants received it as a benefit, the s25(1) offence was not made out and the convictions under Charge 4 must be quashed.