The gang set up an investment fund in the Cayman Islands with its assets, including a HK$200 million commercial block in Hong Kong. Photo: K. Y. Cheng The gang set up an investment fund in the Cayman Islands with its assets, including a HK$200 million commercial block in Hong Kong. Photo: K. Y. Cheng
The gang set up an investment fund in the Cayman Islands with its assets, including a HK$200 million commercial block in Hong Kong. Photo: K. Y. Cheng
Crime

Lawyer, insurance agents among 24 Hongkongers arrested over investment scam that duped 263 people out of HK$475 million

  • More than 100 officers raided 30 locations across the city on Tuesday, including offices of a law firm and two investment companies
  • HK$50 million frozen from syndicate members’ bank accounts, while 11 properties across Hong Kong, worth HK$370 million, may also be confiscated

Topic |   Crime
The gang set up an investment fund in the Cayman Islands with its assets, including a HK$200 million commercial block in Hong Kong. Photo: K. Y. Cheng The gang set up an investment fund in the Cayman Islands with its assets, including a HK$200 million commercial block in Hong Kong. Photo: K. Y. Cheng
The gang set up an investment fund in the Cayman Islands with its assets, including a HK$200 million commercial block in Hong Kong. Photo: K. Y. Cheng
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