HK$110m Worth Of Suspected Cocaine Seized

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

Related News Programmes

"); });

2022-03-26 HKT 14:24

Share this story

facebook

  • HK$110m worth of suspected cocaine seized

The Customs Department said on Saturday that it had seized suspected cocaine with an estimated market value of about HK$110 million, and arrested two teenagers and a woman.

Vincent Lee, who heads the department's drug investigation group, said they became suspicious after X-raying an electric transformer shipped in from Costa Rica last month.

Authorities then disassembled the oil-filled object to find around 120kg of suspected cocaine inside metal compartments, before restoring the "transformer" for the delivery company to give it to the alleged drug syndicate.

Officers said the syndicate had changed the storage location several times, and it wasn't until around 20 days later that two teenage boys signed for the item in rural San Tin.

The pair, aged 14 and 15, were arrested on Thursday and have been charged over attempted drug trafficking. They will appear at the Fanling court on Monday.

A 49-year-old woman who said she worked for a logistics company was also arrested on Friday.

Lee said the pandemic has changed the way drug syndicates transport their goods, saying they now tend to transport drugs in bulk by sea or air due to travel restrictions.

RECENT NEWS

Brad Jones Departs PayMe By HSBC, Takes Advisory Role At Peppermint Innovation

Brad Jones has stepped down as CEO of PayMe by HSBC, effective 23 May 2025, after two years in leading one of Hong Kong... Read more

Alibaba Cloud Expands Network To Help Chinese Firms Go Global

Alibaba Cloud, part of the Chinese technology company Alibaba Group, plans to rapidly establish a global cloud computin... Read more

Citi Launches Citi AI In Hong Kong To Boost Employee Efficiency

Citigroup announced on 22 May 2025 that it has launched Citi AI, a suite of tools for its employees in Hong Kong, accor... Read more

HSBC Partners With Ant International On Real-Time Tokenised Treasury Payments

Ant International has launched a tokenised deposit solution in collaboration with HSBC. This move enables real-time HKD... Read more

HKMA And Land Registry Team Up To Boost Data Sharing With CDI-CDEG Linkage

The Hong Kong Monetary Authority (HKMA) announced on 22 May 2025 that its Commercial Data Interchange (CDI) is now conn... Read more

Hong Kong Stablecoins Bill Officially Passed, Set To Come Into Effect Later This Year

The Hong Kong government welcomed the Legislative Council’s passing of the Stablecoins Bill today, 21 May 2025. The b... Read more