Four men arrested for allegedly laundering $39million to China from Melbourne trends now
A criminal syndicate is accused of laundering more than $39million in cash to China using a network of associates in Melbourne.
Four alleged members of the gang have been charged by the Australian Federal Police, in a joint investigation with Victoria Police and finance crime regulator Austrac.
AFP investigators started targeting the syndicate in January 2023.
They allege $39,527,935 in illegal cash collections and remittance funds was laundered to China through the network of associates in Melbourne between July and August 2022.
South Yarra man Jiadi Wu, 23, appeared in person at the Melbourne Magistrates Court charged with dealing with money or property believed to be proceeds of crime worth more than $1million.
Four alleged members of a Chinese gang have been charged by the Australian Federal Police
The criminal syndicate is accused of laundering more than $39million in cash to China using a network of associates in Melbourne
During raids on properties in Doncaster East, Box Hill and the CBD, police seized three gel
