The Fanling Court has elevated to District Court a money laundering case involving one of the biggest sums ever seen in a bank account held by a Filipina.
Jereza Baylon, 44 years old, will thus appear at the higher court on Dec. 18 to face a charge of dealing
with property known or believed to represent proceeds of an indictable offence,
contrary to section 25(1) and (3) of the Organized and Serious Crimes Ordinance.
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In the case’s final hearng on Friday (Nov. 28) at Fanling Court, Magistrate
Frances Leung Nga-yan ordered that Baylon, who is unemployed and has no
permnent address in Hong Kong, be detained until the next court date.
A complaint filed by Tai Po Police alleged that Baylon handled
$5,144,271:3 in her account with Standard Chartered Bank (Hong Kong) Limited
between July 1, 2023 and Oct. 23, 2023.
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| PINDUTIN PARA SA DETALYE |
It said she let the transactions in her bank account take place
“knowing or having reasonable grounds to believe that property… in whole or in
part directly or indirectly represented any person's proceeds of an indictable
offence.”
Section 3 of the Ordinance prescribes the following
penalties for the offense:
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(a) on conviction upon indictment: a fine of $5,000,000 and imprisonment
for 14 years; or
(b) on summary conviction: a fine of $500,000 and imprisonment
for 3 years.
