A 30-year-old Chinese national who was found at a hotel with over $50 Million in local cash along with a quantity of foreign currency in her possession is facing money laundering charges.

The accused, Ying Xin Su, is facing seven counts of money laundering. The matter was filed by the Special Organised Crime Unit.

During a Court appearance, the accused was not required to enter a plea to the seven indictable charges, and the Court also heard that she was previously charged with unlawful possession of a firearm and ammunition.

On the money laundering charges, the accused was granted bail in the sum of $1.5 Million on each of the charges. In a separate money laundering matter, she was placed on $200,000 bail in relation to that particular matter when she appeared in a separate Courtroom.

SOCU has stated that its investigations started last year when the Police found the large stash of cash in the woman’s room at the Princess Ramada Hotel.

The Police also said that the woman had acquired several properties and motor vehicles, which are suspected to have been derived either directly or in part from proceeds of crime.

According to Head of the Special Organised Crime Unit, Deputy Commissioner Fazil Karimbaksh, these Money Laundering investigations have been ongoing for the past eight months.

He said several other money laundering investigations are ongoing.

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