1 Mar 2019
HKSAR v. WOO YUET SIM AND ANOTHER
- Citation
- [2019] HKDC 261
- Court
- District Court
- Case number
- DCCC1088/2015
The court found on the balance of probabilities that the cash and transfer deposits into the third‑party HSBC account were payments or rewards received by D2 in connection with both his loan sharking and his money laundering offence, that his aggregate proceeds therefore exceeded the $100,000 threshold, and that the recoverable amount is the total deposits/transfer sum of $4,328,000; a confiscation order for that amount was therefore made with a default imprisonment term of 3.5 years under s13 OSCO.