Police dismantle alleged triad group that ran account centres to launder HK$600 million

Hong Kong police have arrested 147 people after uncovering a triad syndicate suspected of setting up centres to coordinate bank accounts and handle HK$600 million (US$76 million) in allegedly illicit proceeds. Police said on Sunday that they had conducted a citywide operation code-named “Rapidhorse” over the previous two days against the syndicate allegedly operating drug and illegal gambling dens in Kowloon and the New Territories. The operation involved undercover detectives, the force...