Vietnam Airlines implicated in $93m money laundering racket
Vietnam Airlines has been implicated in a $93 million money laundering racket smashed by the Australian Crime Commission last week.
Brother and sister Phat and Hang Huynh from Avondale Heights have appeared in the Melbourne Magistrates Court charged with laundering money for organised crime syndicates in Melbourne and Sydney.
They were among nine people arrested during last week’s raids on Vietnamese communities in the two cities.
The court heard Phat and Hang Huynh helped launder more than $93 million at their Vietnamese money transfer businesses in Footscray, St Albans, Bankstown and Cabramatta.
They are alleged to have fled to Vietnam in June after hearing a Vietnam Airlines pilot had been arrested for his role in the racket.
The court was told the airline has ferried more than $10.5 million overseas since July last year.
The Huynhs will reappear in July.
Graham Muldoon
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