Two Men Arrested In HK$40 Million Drug Raid

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

Related News Programmes

"); });

2022-05-14 HKT 15:53

Share this story

facebook

  • Chief inspector Auyeung Tak says two men were arrested in the operation.

    Chief inspector Auyeung Tak says two men were arrested in the operation.

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.

RECENT NEWS

EDENA Unveils AI System To Automate Sovereign Asset Settlement

At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more

Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls

Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more

Japans PayPay Files For US IPO, Targets Valuation Above US$10B

SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more

Inference Research Launches In Hong Kong With US$20M Seed Funding

Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more

London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion

London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more

SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership

SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more