Two Jailed Over Staged Jewellery Heist

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

Related News Programmes

"); });

2021-11-01 HKT 14:25

Share this story

facebook

  • The mastermind of the staged robbery told the District Court that she had been in debt.

    The mastermind of the staged robbery told the District Court that she had been in debt.

Two people who staged a fake jewellery heist were on Monday jailed for conspiring to defraud an insurer out of about HK$2.5 million.

The District Court heard that jewellery shop owner Leung Yim-kwan, 41, recruited Tang Ka-kui, 31, to stage the fake robbery in April last year.

After Tang took a suitcase from Leung at Jordan MTR Station, as arranged, she immediately reported the "robbery" to police and made a claim to her insurer, saying the case contained jewellery worth around HK$2.5 million.

The court was told that Tang was promised HK$100,000 for his actions.

In mitigation, the shop owner had told the court that she was in debt, as her business had gone down since the middle of 2019 because of the social environment and the pandemic situation.

But sentencing Leung to three and a half years in prison, Deputy Judge Merinda Chow said Leung had masterminded a detailed scam, including preparing a SIM card and an outfit for her accomplice.

The judge acknowledged that the insurer did not suffer a loss.

While Leung had denied the charge, Tang pleaded guilty and had testified against Leung for the prosecution.

The judge said she gave Tang credit for cooperating after his arrest, but noted his long criminal record. She jailed him for 20 months.

RECENT NEWS

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