PANews
PANews|Jun 25, 2026 05:13
[Supreme Procuratorate Announces Major Drug-Related Money Laundering Case: Li Moubo Laundered Over 48 Million Yuan Through Virtual Currency, Sentenced to Death] According to Xinhua News Agency, the Supreme People's Procuratorate held a press conference today. Deputy Procurator-General Miao Shengming introduced that the procuratorial authorities have thoroughly investigated crimes involving 'self-laundering' and 'third-party laundering,' vigorously advanced the recovery of drug-related assets, and ensured comprehensive enforcement against drug-related money laundering crimes. From January last year to May this year, over 1,200 individuals were prosecuted for drug-related money laundering crimes. The Supreme Procuratorate supervised the case, and the Chongqing procuratorial authorities handled the major cross-border smuggling, trafficking, transportation of drugs, and money laundering case involving Li Moubo and others. Li Moubo laundered over 48 million yuan through virtual currency and was sentenced to death for multiple crimes in accordance with the law.
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