Update on the JPEX case: Three men suspected of laundering over HK$7.8 million granted continued bail.

According to Mars Finance, there has been new progress in the JPEX fraud case involving the virtual asset trading platform. Three men involved in the case appeared in the Eastern Magistrates' Courts today and were granted extended bail: 27-year-old student Yu Guanlin, 30-year-old Huang Zijian, and 30-year-old technician Deng Zhichong. Yu Guanlin is charged with two counts of money laundering involving HK$7.79 million. His case has been transferred to the District Court and he will appear in court on January 8th next year. Huang Zijian is charged with obstructing justice, alleging that in September 2023 he conspired with a man known as "Brother Lu" to dispose of items in a premises on Castle Peak Road, Cheung Sha Wan, to obstruct the authorities' investigation. Deng Zhichong faces dual charges of obstructing justice and money laundering, involving the disposal of documents and items in a premises in Starview Residence, Cheung Sha Wan on September 28, 2023, as well as handling approximately HK$880,000 in cash and two Rolex watches worth approximately HK$240,000. The cases of Wong Tsz-kin and Tang Chi-chung have been adjourned to January 16 next year for further hearing at the Eastern Magistrates' Courts, pending the prosecution's preparation of referral documents. JPEX was exposed for suspected fraud in 2023, and a total of 16 people have been charged in the case.