HK Customs Seize Suspected Red Sandalwood Worth HK$7m

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

Related News Programmes

"); });

2022-03-17 HKT 20:44

Share this story

facebook

  • The seaborne consignment was discovered in Kwai Ching. Photo: Courtesy of the Information Services Department

    The seaborne consignment was discovered in Kwai Ching. Photo: Courtesy of the Information Services Department

Hong Kong Customs seized a total of around 5,000 kilograms of what they suspect to be endangered red sandalwood at the Kwai Chung Customhouse Cargo Examination Compound and Hong Kong International Airport on Wednesday.

Such quantities of the wood would have an estimated market value of over HK$7 million.

A seaborne consignment, which had arrived from Malaysia, was discovered at the Kwai Ching compound, with a smaller air consignment being seized at the airport. The latter had arrived in Hong Kong from India.

Investigations are ongoing following the seizures. Under Hong Kong’s Protection of Endangered Species of Animals and Plants Ordinance, any person found guilty of importing or exporting an endangered species without a licence is liable to a maximum fine of HK$10 million and imprisonment of 10 years.

RECENT NEWS

HashKey Lists On Hong Kong Exchange

HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more

North Korea Linked To Over Half Of 2025 Crypto Heist Losses

TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more

South Korea Forms Task Force After Coupang Data Breach

The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more

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