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Third person held over cash frenzy sparked by HK$52m security van spill

Third person held as police hunt for HK$9m still missing after security van shed its load on busy Wan Chai road, sparking banknote frenzy

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The hooded man is arrested in Kowloon Bay. Photo: Dickson Lee

A third person was arrested last night over a cash-grabbing frenzy in Wan Chai, three days after bundles of banknotes totalling HK$52.5 million tumbled from a money transport van onto a busy road on Christmas Eve.

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Police arrested the man, 23, on suspicion of theft in his Ap Lei Chau flat last night. Officers seized two computers, two ferry ticket stubs and a mobile phone. The man was detained overnight for further questioning.

About HK$9 million was still missing yesterday as the van's owner, security firm G4S, apologised to its contract employer, Bank of China Hong Kong.

Two other suspects, a man and a woman, were still in custody on suspicion of theft after officers traced the pair with CCTV footage and found HK$165,000 stashed under a bed in the man's home in Kowloon Bay, a police spokesman said. They had not been charged.

The man, 43, and woman, 36, were passengers in a taxi that had stopped at the scene of the cash spill.

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Police repeated their warning for people who had picked up the spilled money from Gloucester Road to return it.

Barrister and lawmaker Alan Leong Kah-kit said: "If the persons who have taken cash from the scene volunteer to surrender it to the police in a short period of time, it is less likely for the police to charge them with theft as it may be harder to build a case."

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