Customs Seize Meth, Cocaine And Heroin Worth HK$230m
"); jQuery("#212 h3").html("

"); });
2021-07-25 HKT 10:31
Customs officers on Sunday said they had made three major drug busts this month - seizing 145 kilos of liquid meth, 72 kilos of cocaine and 61 kilos of heroin with a total street value of about HK$230 million.
Four men and a woman, aged between 31 and 60, have been arrested.
The heroin seizure is the largest in 20 years, and the liquid meth bust the largest quantity of the drug to be seized at the airport in the last two decades. Customs suspect triad involvement and officers are investigating whether the three cases are related.
The cocaine, worth about HK$85 million, was found in plastic bottles, labelled as health food products, in a Fo Tan industrial building on July 12. A 43-year-old man was arrested three days later in Sha Tin and has since been released on bail.
The liquid meth had arrived in an air cargo consignment from Mexico last Tuesday. Marked as avocado food oil, the drug had been shipped in 288 glass bottles, each containing 500 grammes of the drug. Officers arrested a 60-year-old man in Tsing Yi on Saturday in connection with the case. Police estimated the street value of the narcotics to be about HK$80 million.
The heroin, worth about HK$65 million, was found hidden in instant rice vermicelli seasoning packets in a seaborne consignment of snacks from Thailand last Thursday. Two men and a woman, aged between 31 and 42 were arrested in Kwai Chung the following day. They will appear at Tuen Mun Magistrates' Courts on Monday.
______________________________
Last updated: 2021-07-25 HKT 14:53
ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education
ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more
Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets
The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more
Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation
Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more
MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending
MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more
Why The $2 Trillion Stablecoin Prediction Is Too Low
McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more
RedotPay Eyes US IPO With Potential US$1 Billion Raise
RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more




