Philippine police name two junkets in US$3.6m ransom transfer case
Philippine police named 9 Dynasty Group and White Horse Club as recipients and transfer channels for US$3.6 million in ransom paid for kidnapped businessman Congyuan Guo, Brigadier General Jean Fajardo said. Police are preparing charges against executives of both operators, including money laundering and conspiracy to commit kidnapping; Guo and his driver were later found dead.
The investigation may expose two casino junket operators to criminal charges over alleged ransom transfers.