Seventeen Hongkongers were arrested as police smashed an illegal gambling syndicate tied to money laundering through HK$240 million laid in bets. To conceal the operation the syndicate rented a 1,000-square-foot flat in an industrial building in the New Territories as a money laundering office. "We believe the syndicate used at least 18 virtual bank accounts to launder some HK$240 million of criminal proceeds from June to April," Chan said. In an operation codenamed Calmorder on Tuesday and Wednesday, the key members were arrested for conspiracy to commit money laundering. Officers also seized HK$760,000 in cash, 16 computers, 80 phones, 270 SIM cards and bank documents and ATM cards.
