- Ping He, 52, was arrested by police after being part of a money laundering ring
- Her apartment was under surveillance when police became aware of crime links
- The money laundering syndicate would send cash between Australia and China
- She has was last month sentenced to jail for dealing with proceeds of crime
A 52-year-old woman who was the leader of a money laundering ring was nabbed by police following an extensive investigation into Asian organised crime.
Ping He was arrested in October 2014 shortly after she was placed under surveillance when police became aware of her links to crime figures who knew her as ‘the godmother’.
Her criminal past has now been revealed after He recently pleaded guilty to one final charge against her, The Sydney Morning Herald reported.
Police reportedly seized $260,000 in cash when they swooped on her apartment in Neutral Bay, Sydney’s north shore, where they arrested He, with James Zhu, 48, and another man also nabbed.
Ping He, 52, (pictured) has been sentenced to jail for dealing with proceeds of crime and will be sentenced over the charge of participating in a criminal group later this year
Cash seized by police following the arrest of He in October 2014 when they swooped on her Sydney apartment. The cash reportedly totalled $260,000
James Zhu has also been convicted and sentenced to five years in prison.
A syndicate which He had been involved in had laundered money obtained from drug sales from Australia to China and vice-versa, with the 52-year-old taking a commission of one to two per cent.
The two men had been recorded on a surveillance device placed inside He’s apartment counting $300,000 through a cash machine in August 2014.
He – who had run Danny’s Convenience Store close to her apartment – was overhead conversing with a courier about splitting $250,000 into $50,000 lots just days after the men were recorded.
He had also at one stage been heard talking about apples and oranges to describe ounces and methamphetamine when conversing about drug prices and used a remitter to transfer money from a drug sale from China to Australia.
In May, He was handed a five year jail sentence for dealing with proceeds of crime and will spend at least three years behind bars.
A sentence for the charge of participating in a criminal group will be decided in November.
James Zhu, 48, (pictured) was also arrested after police swooped on He’s Sydney apartment