Country of Asset Location
Hong Kong SAR, China
Other Jurisdictions Involved
Unnamed jurisdiction
Disposition of Criminal Case(s)
At time of reporting (2020), there were concluded investigations/prosecutions related to this case in the country of asset location (HKSAR) and country of origin (unnamed jurisdiction). The outcome was that (1) the subject (former employee of a securities company in Jurisdiction D) was convicted of 'Embezzlement of Public Fund' and 'Corruption' in Jurisdiction D and (2) absconder proceedings was initiated in HKSAR to confiscate subject's bank balance in HKSAR.
Action Initiating Asset Recovery
By domestic investigation by law enforcement authorities (independent from foreign request)
Stage of Asset Recovery
Assets confiscated
Legal Basis for Asset Recovery in the country of asset location
Non-conviction based confiscation (NCB)
Contributing Factors in Asset Recovery
Other
Specify Other
INTERPOL/StAR Global Focal Point Network
Notes
The foreign jurisdiction involved was named as "Jurisdiction D (Asia)".
Agreement for Returned Assets
No
Assets Confiscated
#1
Assets confiscated
4,820,000.00 HKD
Assets confiscated (USD equivalent)
$615,528.46
Date of confiscation
July 2015
Jurisdiction
Hong Kong SAR, China
Asset Type at Time of Confiscation
Cash/bank deposit
Assets Frozen/Seized
#1
Date of freeze/seizure
October 2013
Jurisdiction
Hong Kong SAR, China
USD Conversion date
September 2023
Date and Country of Case Submission
January 1, 2020
Hong Kong SAR, China
Data Source
Official information provided by country authorities