HONG KONG, Dec 19 — Hong Kong police today said they had frozen HK$70 million (US$10 million) from a major fund for donations to help pro-democracy protesters, and arrested its four members for money laundering. Police said their investigation focused on Spark Alliance, a non-profit online...
Police clear an area after protesters throw Molotov cocktails at an MTR station in Hung Hom in Hong Kong December 1, 2019. — Reuters pic
It is one of two crowd-sourced funding platforms that have collected millions of dollars to provide legal and other help for people arrested in the pro-democracy protests that have upended the city since early June.“We found the donated money was transferred to a shell company and a significant portion of this money was invested in personal insurance products,” Senior Superintendent Chan Wai-kei told reporters.
He added people could risk committing offences of inciting or facilitating crimes if a person knowingly financed unlawful activities. Semi-autonomous Hong Kong has been battered by increasingly violent demonstrations in the starkest challenge the city has presented to Beijing since its 1997 handover from Britain.
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