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Chinese national sentenced to 15 years for laundering $92m drug money
The US Justice Department said he funneled illicit funds through shell company bank accounts using real and fake identities, prosecutors said the laundering helped enable Mexican cartels.
A Chinese national, Jianfei Lu, was sentenced to 15 years in prison and ordered to pay US$25 million after US authorities tied him to a Chinese money laundering operation linked to Mexican drug gangs, according to SCMP Economy.
The US Justice Department said Lu was involved in laundering more than US$92 million in illicit funds over a two-year period, collecting money from US-based drug traffickers and depositing it into shell company bank accounts, using both real and fake identities, SCMP Economy reported.
SCMP Economy reported that assistant attorney general Tysen Duva said Chinese money laundering networks have become a key enabler to the Mexican cartels and described the threat to the United States as increasingly complex.
Lu, one of six defendants in the original indictment who pleaded guilty, was sentenced in the Western District of North Carolina by US District Judge Susan Rodriguez, SCMP Economy said.