(Trinidad Guardian) A Chinese national is set to appear in court after being charged with money laundering.
In a media release, the TTPS said on Monday 28th October 2024, Hongfei Wu, was arrested by officers of the Financial Investigations Branch (FIB) and formally charged with money laundering.
It said this charge followed an extensive investigation stemming from an August 10, 2023, search of an apartment located at The Residences, South Park, Tarouba, where officers of a specialized unit allegedly uncovered a suspected methamphetamine laboratory.
During the search, officers allegedly seized quantities of methamphetamine, precursor chemicals, specialized lab equipment, and a total of $30,064TTD, $170USD, and $715SRD in cash, which were seized under Section 38 of the Proceeds of Crime Act.
W/Cpl Eslam of the FIB was assigned to investigate the legitimacy of the seized funds. Based on the evidence obtained from the conduct of the financial investigation, W/Cpl Eslam received advice to charge Hongfei Wu for the offense of money laundering.
The Trinidad and Tobago Police Service said it remains committed to combating the illegal drug trade and financial crimes that threaten public safety and the economy.
“That will not happen under our watch, since it would lead to instant devaluation and massive inflation.”
