Cocaine Worth HK$240m Seized, 2 Arrested
"); jQuery("#212 h3").html("
"); });
2019-04-27 HKT 14:19
Share this story
Customs officers said on Saturday that they have made a substantial drug bust, after finding 250 kilograms of cocaine valued at around HK$240 million.
Officers found the drugs in two flats in To Kwa Wan and Tsim Sha Tsui, as well as a hotel room in Yau Ma Tei.
They have arrested two foreign men, who are believed to be core members of a transnational drug-trafficking syndicate.
Officers said the men tried to evade authorities by posing as high-end tourists and using brand-named suitcases to transport the drugs.
The drugs are believed to be supplied to the Asia-pacific area, and their source is linked to local triads.
The suspects will appear in Kowloon City court next week.
HashKey Gets Regulatory Nod To Offer Virtual Asset Services In Ireland
HashKey Group has announced that its subsidiary, HashKey Europe Limited, has received Virtual Asset Service Provider (V... Read more
HKVAX And Victory Securities Forge Partnership To Advance Hong Kongs Virtual Asset Ecosystem
Hong Kong Virtual Asset Exchange (HKVAX), Hong Kong’s third virtual asset licensed trading platform and Victory Secur... Read more
5 Major Banks Mantain Domestic Systemically Important Authorised Institutions Status
The Hong Kong Monetary Authority (HKMA) concluded its annual review of Domestic Systemically Important Authorised Insti... Read more
HSBC, StanChart, Alibaba Cloud Among First Cohort Of HKMAs Gen AI Sandbox
The Hong Kong Monetary Authority (HKMA) and Cyberport have announced the first cohort of its Generative Artificial Inte... Read more
QuickFest 2025 To Focus On AI, Automation, And The Future Of Accounting
QuickFest, the virtual conference tailored for accounting professionals, bookkeepers, and consultants, will return on 1... Read more
5 Stories That Shaped Hong Kongs Fintech Scene In 2024
In 2024, Hong Kong further cemented its position as a leading fintech hub in the world, with the number of fintech comp... Read more