Police Make Largest Cocaine Bust Of The Year
"); jQuery("#212 h3").html("

"); });
2023-05-14 HKT 17:14
Police on Sunday said they've pulled off their biggest cocaine seizure of the year after raiding units in Tuen Mun and Sha Tin.
Officers said they seized 223 kilograms of cocaine from an industrial building in Tuen Mun on Friday, before finding another four kilograms of the drug inside a public housing flat in Sha Tin.
In a separate operation in Jordan, officers seized ten kilograms of suspected heroin concealed inside skincare products.
Together, the drugs are believed to be worth around HK$190 million.
Seven people, aged between 25 and 61, were arrested. Five of them have been charged with trafficking in a dangerous drug.
Lau Kai-pang, a superintendent in the narcotics bureau, explained how the drugs operation worked.
"They tried to use concealment to hide the drugs in some cream products. This is to make it more difficult for law enforcement agencies to detect the drugs concealed inside," he said.
"Second of all, they tried to use different locations to store the drugs, with the purpose to diversify the risks and minimise the chance of being detected."
Lau said he believes the two cases are not linked, adding that investigations are continuing.
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