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

Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity

Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more

BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom

BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more

Webinar: When Account Takeover Moves Past Onboarding

Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more

JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson

JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more

Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term

The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more

Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal

Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more