Hong Kong police arrest 130 in triad raids

HONG KONG (AFP) - Hong Kong police said on Friday they had arrested scores of suspected triad members for offences including money laundering and running illicit gambling dens.

The 130 suspects - 84 men and 46 women - laundered around HK$300 million (S$48.2 million) from their illegal activities over two years, police said.

Officers raided more than 20 locations over two days, seizing HK$3.4 million in local and foreign currencies, 11 watches and two cars valued at HK$8 million.

"Information suggested a group of triads used their own accounts, accounts of their wives (and) mistresses to launder a large amount of money," Superintendent Lau Shu-sing told reporters.