The three Chinese nationals, Fang Wei, We Huanjiu and Wei Wei appeared in court on Wednesday for contravening the Exchange Control Act. The three were arrested on 3 October and at least $50 000 bond notes in cash was recovered.
Detectives received information that the three suspects were selling cash at a premium. Acting on the tip off, detectives monitored the activities of the accused persons and on 3 October, they saw the one of the accused loading his vehicle with sealed card boxes.
They followed the vehicle and intercepted it and upon searching the vehicle they recovered $50 000 bond notes. The accused implicated the second and third suspects leading to their arrest.