Supreme People's Procuratorate: Deep Investigation into Drug-Related Money Laundering Crimes; Li Mobo Sentenced to Death for Laundering Over 48 Million Yuan via Virtual Currency

Odaily reported that the Supreme People's Procuratorate, during a press conference held on June 25, stated that procuratorial authorities will thoroughly investigate crimes of "self-money laundering" and "third-party money laundering," vigorously promote the recovery of drug-related assets, and ensure comprehensive coverage in the detection and punishment of drug-related money laundering crimes.

From January 2025 to May 2026, procuratorial authorities nationwide have prosecuted over 1,200 individuals for drug-related money laundering crimes. Notably, in the case of Li Mobo and others, a major transnational drug smuggling, trafficking, transportation, and money laundering case supervised by the Supreme People's Procuratorate and handled by the Chongqing procuratorial authorities, Li Mobo laundered over 48 million yuan through virtual currency and was lawfully sentenced to death for multiple crimes. (Xinhua Net)