Customs Arrest Two Over Counterfeit Rice Sales
"); jQuery("#212 h3").html("
"); });
2018-05-19 HKT 16:57
Share this story
Customs officials have arrested two people on suspicion of selling rice with fake packaging to up to a hundred restaurants in Hong Kong.
Officials say the suspects are directors of a food distribution company.
They are believed to have been mixing rice from bona fide manufacturers with substandard rice and repackaging it for sale.
More than 20 tonnes of rice, most of it already mixed, has been seized from an industrial unit in San Po Kong.
The rice is believed to be worth around HK$170,000.
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more
Do Kwon Faces Possible Trial In Korea After US Conviction
Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more
Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin
Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more
KakaoBank Expands In Indonesia Through Superbank Partnership
KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more