Accomplices in the Qian Zhimin case return £5.6 million to the UK government

On October 21, according to The Daily Mail, 48-year-old Malaysian man Hok Seng Ling, who acted as the "house manager" for Chinese fraudster Zhimin Qian (Zhimin Qian), has fully paid a confiscation order amount of £5,603,305 to the UK government, plus £1,990 in interest, most of which consists of cryptocurrencies seized at the time of his arrest. This information comes from a Freedom of Information request submitted by The Daily Mail to the Crown Prosecution Service (CPS). Ling was sentenced to four years and 11 months in prison last November for aiding money laundering.

From 2014 to 2017, Zhimin Qian defrauded over 128,000 Chinese investors through a Ponzi scheme, converted the funds into Bitcoin, and fled to the UK, with the total amount involved reaching approximately £5.5 billion, marking the largest money laundering case in British history. The 61,000 bitcoins seized by the Metropolitan Police are currently valued at approximately £3.8 billion and are held in UK government accounts.