Four Arrested Over HK$16mn Highway Robbery
"); jQuery("#212 h3").html("
"); });
2021-04-17 HKT 14:11
Share this story
Police said they arrested four men in connection with a robbery on a car in Yau Ma Tei.
Officers said the robbers crashed their car into the victim's vehicle on Hoi Po Road and smashed the windows with hammers before stealing HK$16 million in cash.
They said the businessman was on his way to a money changer at the time.
Officers said they arrested the four suspects on Thursday and they're still being detained.
The police said the four people, aged between 24 and 26, were members of a crime syndicate.
The police said a GPS device had been installed on the victim's car, so that the suspects could track it, although they didn't personally know the victim.
They said they recovered a total of HK$1.5 million in cars and watches allegedly bought with the proceeds, including HK$200,000 cash.
Police said more arrests may follow.
HSBC Fined HK$4.2M Over Disclosure Breaches In Research Reports
The Securities and Futures Commission (SFC) has reprimanded and imposed a fine of HK$4.2 million on HSBC for breaching ... Read more
Philippines: The Hidden Fintech Gem You Cant Afford To Miss | Lito Villanueva
The Philippines is the fastest-growing digital economy and home to one of Southeast Asia’s most valuable fintech unic... Read more
SBI And Chainlink Partner On Blockchain And Digital Asset Use
SBI Group, one of Japan’s largest financial conglomerates with assets exceeding the equivalent of US$200 billion, has... Read more
China Considers Yuan-Backed Stablecoins To Advance Global Currency Push
China is considering permitting the use of yuan-backed stablecoins for the first time in a move that could support wide... Read more
Financial Sanctions: LSEG Risk Intelligence Answers Your Key Questions
Financial sanctions are essential government tools for achieving foreign policy objectives – and compliance is mandat... Read more
Korea Development Bank Leads $45M Bridge Round For Upstage
South Korea’s Upstage has secured a US$45 million Series B bridge round supported by Korea Development Bank (KDB), Am... Read more