Three charged in JPEX money-laundering case
SingTao · 2 SOURCESabout 4 hours ago2 MIN
Summary
Three men were brought before Eastern Magistrates’ Courts on October 8 over alleged handling of suspected crime proceeds connected to the JPEX case, in two separate prosecutions. The defendants are Chan Chi-hin, Yue Kai-fai and Choi Hiu-dung, with Choi identified in court reporting as YouTuber “Tung Gei”. Together they face nine money-laundering charges involving more than HK$130 million, according to the prosecution case outlined in court. Chief Magistrate So Wai-tak adjourned both cases to November 23 while the prosecution prepares transfer documents for the District Court
Key Points
- The JPEX investigation has led police to arrest at least 80 people, and these three defendants were newly charged with handling related criminal proceeds
- Chan Chi-hin, 30, faces three counts over about HK$20.6 million allegedly handled through HSBC, WeLab Bank and ZA Bank accounts.
- Prosecutors said Chan’s alleged transactions spanned from October 15, 2021 to November 13, 2024, across three separate bank accounts.
- Yue Kai-fai, 30, faces five counts involving about HK$107 million, allegedly moved through Hang Seng, ZA Bank, Mox, CITIC and Livi accounts
- Choi Hiu-dung, 26, identified as YouTuber “Tung Gei”, faces one count over about HK$6.7 million in a Hang Seng account
Why It Matters
The latest court appearance shows the JPEX fallout is still expanding through follow-on prosecutions tied to alleged handling of funds, not only the original platform controversy. For Hong Kong readers, the planned move to the District Court suggests the case is entering a more substantive stage, with larger sums and multiple banking channels now before the courts