Alleged Money Laundering of Rs 280 Million: Li Hai Allowed to Travel Despite Suspicion

Arrested on December 3rd by the Financial Crimes Commission (FCC), Li Hai, a 67-year-old Chinese national, is currently under a thorough investigation for money laundering. As a company director and resident of Domaines Les Pailles, he has been temporarily charged with alleged violations of the Financial Intelligence and Anti-Money Laundering Act 2002.

According to the FCC, the events date back to November 2014. At that time, Li Hai was acting as the sole...