Hok Seng Ling was ordered to surrender £5,603,305 after pleading guilty to money-laundering offenses linked to a major UK fraud case, according to a Daily Mail report cited by BlockBeats.
Forfeiture order follows guilty plea
BlockBeats reported that Ling, 48, was sentenced to four years and 11 months and that most of the forfeited funds came from cryptocurrency seized when he was arrested. The report said the full amount was recovered, along with £1,990 in interest.
The account is based on secondary reporting and the source page does not include a court order or government statement. Broader allegations about the underlying fraud are presented as claims in that report.
Source: BlockBeats flash, citing the Daily Mail.