Chinese gang jailed for operating £55m money-laundering ring

Seven given sentences ranging from 11 months to 12 years for scheme aimed at students seeking to bypass foreign currency controls

Seven people have been jailed for operating an undercover 55m money-laundering ring aimed at international university students seeking to bypass limits on the amount of cash that can be taken out of China.

Four people - three men and one woman - were sentenced at Snaresbrook crown court on Monday for a range of money-laundering offences. In June, three others were sentenced for similar offences. They were handed sentences ranging from 11 months to 12 years.