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Last Updated: Tuesday, 9 October 2007, 08:43 GMT 09:43 UK
Man convicted of money laundering
He, Jia-Jin in Chinatown
He Jia-Jin was a prominent leader in the Chinese community
A south-east London businessman has been convicted of money laundering by a district court in Hong Kong.

He Jia-Jin, a former vice-president of the London Chinatown Chinese Association, was found guilty of three counts of laundering.

The court heard He, from Orpington, received the equivalent of 629,000 from a mistaken bank transfer and then laundered the money.

The judge imposed a fine on He of 250,000.

BBC investigation

In December 2001 He transferred 91,000 from his company Futsing Finance Limited to a remittance agent in Hong Kong.

Due to a mistake by the bank the agent received 629,000, the court heard.

He then flew to Hong Kong and instructed the money to be transferred through a series of accounts, well aware of the fact that the money did not belong to him.

He was a prominent community leader in the Chinese community in London and has been involved in organising the Chinese New Year celebrations in the city.

He was recently the subject of a BBC South East investigation which found a house owned by him in London was over-crowded with more than 18 migrants some who had questionable immigration status.



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