Country of Asset Location
Hong Kong SAR, China
Other Jurisdictions Involved
Unnamed jurisdiction
Disposition of Criminal Case(s)
At time of reporting (2021), there was an ongoing investigation/prosecution related to this case in the country of origin (Jurisdiction S). The outcome was that the defendants were convicted after trial and were sentenced in May 2021. The defendants have filed appeals against both their respective conviction and sentence, whereas the prosecution has filed appeals against the sentence. Pending conclusion of the appeal proceedings in Jurisdiction S.
Action Initiating Asset Recovery
By an MLA request from the country of origin
Stage of Asset Recovery
Assets frozen/seized
Legal Basis for Asset Recovery in the country of asset location
Conviction-based criminal prosecution and confiscation
Legal Basis for International Cooperation
Bilateral Mutual Legal Assistance Treaty
Notes
The foreign jurisdiction involved is named as "Jurisdiction S (Asia)".
At time of reporting (2021), the assets were still frozen/seized.
Assets Frozen/Seized
#1
Assets frozen/seized
4,210,000.00 HKD
Assets frozen/seized (USD equivalent)
$536,551.87
Date of freeze/seizure
January 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