Police arrested four fraudsters in Kowloon City over HK$23 million in fraud cases

Police cracked at least 41 fraud cases involving HK$23 million in an operation, arresting four suspected fraudsters in Kowloon City on Tuesday.

In order to curb criminal activities, the Kowloon City Police District actively conducted intelligence collection and investigations.

Earlier this year, police discovered that a fraud and money laundering syndicate had moved its operation center to an industrial building in Kowloon City.

The police then mounted an operation on Tuesday (Mar 19), raiding the operation center, arresting four men on suspicion of conspiracy to defraud and possession of prohibited weapons.

The syndicate was found to be involved in at least 41 cases of fraud, incurring losses of up to $23 million.

The four men arrested were aged between 28 and 46, with one of them being the syndicate mastermind, two were admin-level members, and one was a courier hired by the syndicate, who all claimed to be unemployed.

Three of them held HKID cards, while one of them held a two-way permit.

In the operation, officers seized HK$330,000 in cash, 57 bank debit cards, 40 mobile phones, three computers, 45 branded hard alcohol with a market value of HK$150,000, a large amount of ledgers, a checkbook, and a retractable baton.