Drugs Worth HK$11mn Seized From Sheung Shui Flats

"); jQuery("#212 h3").html("

"); });
2019-04-16 HKT 16:49
Police have seized cocaine and ice worth HK$11 million from two apartments in Sheung Shui, arresting three men in connection with the haul.
On Sunday afternoon, investigators acted on a tip-off and raided an apartment in Chi Cheong Road, finding 4.3 kilogrammes of cocaine, police said.
During the operation, two men were arrested and police said one of them was carrying a further kilo of cocaine.
Police also searched another apartment nearby and found another 5.3 kilos of cocaine, 15 grammes of ice, and drug making equipment. They arrested a 62-year-old man who they suspect was making the drugs.
Senior inspector Cheng Ki-fung said he believes they have successfully busted a drug-making and trafficking cartel. He said they are now investigating the details of how the operation was organised.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more