CHINA-HONGKONG: HONGKONG POLICE CLOSES NGO AND ARRESTS 4 PERSONS
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Bloomberg reported (December 20) that Hong Kong’s police arrested four people for suspected money laundering linked to ongoing pro- democracy protests and and froze money from a fund that’s raised millions to help support the demonstrations. It said police froze HK$70 million ($9 million) in local bank deposits and personal insurance products related to a fund called Spark Alliance. The fund, which is linked to a shell company, has raised HK$80 million since the protests started in June. At a briefing, police said they noticed suspicious activity from the fund, including a large number of cash deposits and significant purchases of personal-insurance products. Spark Alliance in response stated: “The police attempted, through false statements, to distort the work of Spark Alliance as money laundering for malicious uses. This is an attempt to defame Spark Alliance and other support channels. Spark Alliance condemns this kind of defamatory action.”
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