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US sentences Chinese national to 5 years for money laundering

By ANI | Updated: September 30, 2020 04:30 IST

A US federal judge has sentenced a Chinese citizen to five years in jail for laundering millions of dollars for Mexican drug cartels.

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A US federal judge has sentenced a Chinese citizen to five years in jail for laundering millions of dollars for Mexican drug cartels.

"A Chinese national was sentenced today to five years in prison and ordered to forfeit more than USD 4.2 million for laundering drug proceeds generated by large-scale cocaine trafficking in the United States," the US Department of Justice announced in a press release on Tuesday.

Xueyong Wu, 40, established relationships with Latin American drug trafficking orgzations to transport and launder their United States-based drug proceeds, the Justice Department said.

Much of this money was generated through the movement of cocaine or payment for cocaine that took place within Virginia's eastern district.

"Wu received a percentage of the money involved in these transactions as compensation for orgzing these laundering activities. Much of this money was generated through the movement of cocaine or payment for cocaine that took place within the Eastern District of Virginia," the release stated.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Justice DepartmentUs Department Of Justice
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