Ten Nabbed Over Money Exchange Shop Robberies
"); jQuery("#212 h3").html("
"); });
2020-10-31 HKT 17:43
Share this story
Police said on Saturday they had arrested 10 people in connection with two robbery cases in Yau Ma Tei in which money exchange businesses were targeted.
Officers said three of the suspects attempted to rob a man of US$500,000 on Nathan Road last Tuesday.
Two suspects have been charged with robbery and will appear in Kowloon City Court on December 17 for mention.
The second alleged robbery case took place on September 28 near Waterloo Road in Yau Ma Tei when staff from a money exchange carrying HK$15 million dollars were attacked by four people armed with choppers.
The gang managed to drive off with HK$5.3 million.
Police subsequently arrested six men and a woman, aged between 21 and 28, on Friday across the territory. They also recovered HK$300,000, walkies-talkies, a safe and some clothes.
Detective Chief Inspector Tong Kam-wai described the second robbery as carefully planned, but believed they had smashed the syndicate. He said more arrests could follow.
HSBC Launches TradeCash In Hong Kong To Accelerate Trade Finance Access
HSBC has launched a digital trade finance tool called HSBC TradeCash, allowing businesses in Hong Kong to upload sales ... Read more
HKEX And HKMA Launch Pilot On E-HKD For After-Hours Margin Payments
Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) have launched a joint pilot... Read more
Can You Trust AI Agents To Stay Within Your Intent?
Checking someone’s ID at the door of a nightclub tells you who they are, but it does not tell you how they will behav... Read more
China CITIC Bank Taps Tencent Cloud For Fintech 2.0 Banking Push In Hong Kong
Tencent Cloud has signed a strategic cooperation agreement with China CITIC Bank International (CNCBI) to support the d... Read more
Payful Launches Cloud-Based Visa Charge Card Programme Via BPC SmartVista
Chinese cross-border payment company Payful has launched a cloud-native Visa charge-card programme for corporate and me... Read more
Hong Kong Banking Taskforce Convenes To Plan Northern Metropolis Financing
The Northern Metropolis Financial Advisory Taskforce held its inaugural meeting on 17 June to discuss the financing nee... Read more