Two Men Arrested In HK$40 Million Drug Raid
"); jQuery("#212 h3").html("

"); });
2022-05-14 HKT 15:53
The police on Saturday said they have arrested two people and seized HK$39.8 million worth of drugs in Tin Shui Wai.
Chief inspector Auyeung Tak said officers acted on intelligence on Thursday, and raided a hotel room in Tin Shui Wai which he said served as a storeroom for a drug syndicate.
He said officers found 24 kilogrammes of suspected heroin and 27 kilogrammes of suspected methamphetamine in two large suitcases inside the room and on a man who had been in the room.
Two men aged 21 and 22 respectively, were arrested on suspicion of drug trafficking.
The chief inspector said the force will lay a holding charge against the pair, and the two are expected to appear before Fanling Court on Monday.
"The police investigation is still ongoing and we don't rule out further arrests related to this drug trafficking case," he said, adding that officers will also investigate where the drugs came from and how they were meant to be distributed.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more
