The precious metal involved in the case involved mainly gold and palladium. Photo: Jelly Tse
The precious metal involved in the case involved mainly gold and palladium. Photo: Jelly Tse

2 men in Hong Kong arrested over laundering HK$3.5 billion after withdrawal of 8.4 tonnes of precious metal from security vault

  • Authorities say huge amount of money handled through suspects’ bank accounts incommensurate with their financial status
  • Officials investigating if the haul of precious metal, mostly gold and palladium, was smuggled into city before being stored at Hung Hom premises of security firm

The precious metal involved in the case involved mainly gold and palladium. Photo: Jelly Tse
The precious metal involved in the case involved mainly gold and palladium. Photo: Jelly Tse
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