Police Make Record Drugs Seizure
"); jQuery("#212 h3").html("

"); });
2021-08-19 HKT 16:14
Police said on Thursday they had made their largest drug seizure of the year, netting 148 kilogrammes of ice and 86 kilogrammes of heroin.
The haul was estimated to be worth HK$195 million.
Officers said the drugs were uncovered on Wednesday at an industrial building in Cheung Sha Wan – which they linked to a drugs syndicate they have been investigating for two months.
A 22-year-old man was arrested at the building, and he will appear at the West Kowloon Magistrates’ Court on Friday.
The force said that between May and July they have arrested a total of 13 suspects, aged between 16 and 45, who they believe are linked to the syndicate. They’re suspected of conspiracy and trafficking in dangerous drugs, manufacturing dangerous drugs, and obstructing police.
Police characterised the syndicate’s operations as very sophisticated, and said younger members often had to shoulder any risks. But the force added that they wouldn’t tolerate any criminal act, even if the suspects are young.
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
