Country of Asset Location
Hong Kong SAR, China
Other Jurisdictions Involved
Unnamed jurisdiction
Disposition of Criminal Case(s)
At time of reporting (2020), there was an ongoing investigation/prosecution related to this case in the country of asset location (HKSAR) and in the country of origin (unnamed jurisdiction).
Action Initiating Asset Recovery
By domestic investigation by law enforcement authorities (independent from foreign request)
Stage of Asset Recovery
Assets frozen/seized
Legal Basis for Asset Recovery in the country of asset location
Administrative freeze
Legal Basis for International Cooperation
N/A
Contributing Factors in Asset Recovery
Other
Specify Other
Egmont group
Notes
The foreign jurisdiction involved is named as "Jurisdiction Y (Asia)".
At time of reporting (2020), the assets were still frozen/seized.
Assets Frozen/Seized
#1
Assets frozen/seized
257,000,000.00 HKD
Assets frozen/seized (USD equivalent)
$32,841,001.97
Date of freeze/seizure
March 2019
Jurisdiction
Hong Kong SAR, China
Asset Type at Time of Freeze/Seizure
Cash/bank deposit
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