Largest Illicit Cigarette Seizure In 20 Years

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

Related News Programmes

"); });

2021-05-28 HKT 20:23

Share this story

facebook

  • Customs officers found the illicit cigarettes on board three vehicles. Photo: Information Services Department

    Customs officers found the illicit cigarettes on board three vehicles. Photo: Information Services Department

Customs officers said on Friday they have made the largest seizure of illicit cigarettes in the past two decades with an estimated market value of about HK$90 million.

Authorities also said smugglers have changed tack because of the pandemic.

Officers found about 33 million sticks of suspected illicit cigarettes in their operation on Thursday.

They intercepted two container trucks in Lau Fau Shan and Sheung Shui and found about 22 million cigarettes inside the vehicles. The rest were found on board a truck at a container yard in Lau Fau Shan.

Three men aged between 49 and 64 were taken into custody, and officers from the Customs and Excise Department have not ruled out further arrests.

Authorities also seized three containers suspected to be in connection with the case.

Lee Hoi-man, deputy head of the department's Revenue Crimes Investigation Bureau, said there's an upward trend in smuggling by sea because of Covid-19.

"According to past experience, road networks were quite common in smuggling, involving trucks and containers... due to the pandemic, they now smuggle by sea," he said.

Lee said that involved more complicated logistics arrangements for smugglers as they have to pay attention to issues such as boat schedule, route and related facilities.

And that may also explain the larger hauls. "To ensure there's stable supply of these cigarettes, smugglers will increase the amount of goods they transported each time into the territory," he said.

Lee pointed out that smuggling syndicates would store the illicit cigarettes in container yards or other remote locations before selling them to their clients.

Customs authorities have seized about 186 million suspected illicit cigarettes so far this year, which accounted for 90 percent of last year's total.

RECENT NEWS

ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education

ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more

Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets

The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more

Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation

Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more

MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending

MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more

Why The $2 Trillion Stablecoin Prediction Is Too Low

McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more

RedotPay Eyes US IPO With Potential US$1 Billion Raise

RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more