Wednesday, December 7 2016

VietNamNews

Seven Chinese jailed for illegal cash transfers

Update: March, 18/2016 - 09:00

HÀ NỘI – The People’s Court of Hà Nội yesterday opened a trial to indict seven Chinese defendants on charges of illegal money transfers between Việt Nam and China.

Wang Hui, 28, was sentenced to 15 months in prison. The six remaining defendants, aged 22-32, were sentenced to 14 months and 12 days in prison each.

According to the indictment, in the beginning of 2014, Wang was allegedly hired by a Chinese man called Joe, who remains unknown, to go to Việt Nam and manage a network of illegal yuan cash transfers from bank accounts registered in China.

She came to Việt Nam in February 2014 and hired six Chinese people to help her operate the network.

She also employed and trained 39 Vietnamese people to transfer the money through the internet.

In February 2015, the police searched and arrested the seven individuals at Minh Ngọc Company, where they carried out illegal money transfers involving 1,400 bank accounts.

Headed by Wang, the company had made hundreds of thousands of transactions involving more than VNĐ800 billion ($3.5 million), with a daily average of 600 transactions. – VNS

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