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.
Manulife Names Wilton Kee As CEO For Hong Kong And Macau
Manulife has appointed Wilton Kee as the new Chief Executive Officer for its Hong Kong and Macau operations, effective ... Read more
Banks Are Not Ready For AI | Singapore AI CxO Roundtable
In this exclusive roundtable jointly hosted by Fintech News Network and Alteryx, senior banking leaders in Singapore sh... Read more
Mizuho Bank To Invest In Rakuten Bank In October
Mizuho Bank will shift its investment into a 5.81% stake in Rakuten Bank, according to Japan Today. The move allows the... Read more
Forthright Subsidiaries Secure SFC Approval For Virtual Asset Services Across 3 Licenses
Forthright Securities and Forthright Capital have received approval from the Securities and Futures Commission (SFC) to... Read more
SFC Names Elisa Ng To Lead Investment Products, Reappoints Lisa Chen
The Securities and Futures Commission (SFC) has appointed former J.P. Morgan Asset Management executive Elisa Ng as its... Read more
Mastercard And JD.com Partner To Expand Cross-Border Payment Options In China
Mastercard and JD.com have entered a strategic partnership to develop cross-border supply chain finance tools for busin... Read more