Police Say Gang Linked To Series Of Thefts Smashed

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

"); });
2020-09-09 HKT 12:53
Police said on Wednesday that they have smashed a gang that was involved in at least 15 shop burglaries and seven car theft cases across Hong Kong in the past 10 months.
Fifteen people, aged between 16 and 52, were arrested in connection with the cases.
The police estimated that the items stolen from the shops, including cash and computers, were worth HK$1.8 million.
The officers said three of the suspects were arrested on Monday during an operation in Tin Shui Wai, when the trio were moving the allegedly stolen goods to a car.
Detectives said one of the suspects was wearing the uniform of housewares chain Japan Home at the time, possibly for disguise. They also said the group – which they said had triad links – had used fake licence plates to evade detection.
The officers said the gang normally worked in groups of three, with one person as a look-out, and that they targetted mostly Japanese cars which were easy to break into.
South Korea Unveils Digital Asset Basic Act For Stablecoin Issuance
South Korea’s newly elected President Lee Jae-myung is pushing forward with plans to allow stablecoin issuance by loc... Read more
Octopus Taps Wonder As Its Omnichannel Payment Partner Across Hong Kong
Wonder, a payment and fintech platform, has announced its partnership as the purported first omnichannel payment facili... Read more
China And UAE Ink Deal To Boost Cross-Border Payment Cooperation
China’s Cross-Border Interbank Payment System (CIPS) and the Central Bank of the United Arab Emirates (CBUAE) have si... Read more
Hong Kong Approves Banking Amendment To Boost Data Sharing In 2025
The Government welcomed the Legislative Council’s June 4 passage of the Banking (Amendment) Bill 2025, aimed at impro... Read more
Citigroup Lays Off 3,500 In China As Part Of Global Overhaul
Citigroup is cutting 3,500 tech jobs in mainland China to streamline operations and cut costs. The Citigroup China layo... Read more
Hong Kong Expands Crypto Market With Derivative Trading For Investors
Hong Kong’s Securities and Futures Commission (SFC) will soon introduce virtual asset derivatives trading for profess... Read more