Two Chinese students ran a £100,000-a-week money laundering scheme from their rooms in a UK hall of residence, it has been claimed.
Bin Bin Ding and Juxin Guo, who studied at Aberystwyth University in Wales, were caught at Euston station with £100,000 in £20 notes. While Ding carried the money, Guo had a series of accounting records written in pink paper
The court at Old Bailey was told that Bin Bin Ding contacted fellow Chinese students using WeChat offering sterling in exchange for renminbi.
At first Ding started small, laundering £1,000 a week, but it rose to £100,000 in the week before this arrest.