THE highest reward offered in the territory - $1 million for the capture of Hong Kong's most wanted man, gangster Yip Kai-foon - will soon be reviewed to see if the level fixed in 1992 was too low.
The police stopped drawing up a list of their 10 most wanted suspects in the late 1980s in order to avoid 'glorifying' the culprits, but the rewards on offer for the capture of Yip identify him as the No 1.
All the cases on the list of the 10 highest police rewards are murders and robberies.
Yip, 31, is a prime suspect in the robbery of $5.7 million worth of gold and jewellery from five adjacent shops in Kwun Tong on June 9, 1991. He and five other robbers armed with AK-47 assault rifles and pistols are alleged to have fired 54 shots at the police.
Yip is also suspected to be linked to the robbery of two jewellery shops in Shamshuipo in March 1992 when eight men armed with pistols fired 65 shots at police and pedestrians as they escaped with $3 million worth of jewellery.
Rewards of $500,000 have been offered on each of the two crimes for information leading police to Yip.