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.
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