Police believe they have smashed a drug manufacturing and trafficking racket following its mastermind's arrest, seizing HK$2.5 million worth of cocaine, HK$4 million of cash and a HK$600,000 Porsche.
Senior inspector Wu Lung from the narcotics bureau said the 24-year-old suspected mastermind was arrested together with his 28-year-old girlfriend and another 24-year-old man on Friday. All three are still detained. Wu said the police believe the racket has been busted.
He said that units in factory buildings had been used as drug workshops and young people who wanted to make quick money were employed to make the drugs.
The suspect used multiple chains of transport to distribute the processed drugs.
"Police officers raided three flats on Friday and found HK$2 million in cash and HK$1 million worth of luxury watches and handbags in a flat on Jaffe Road, Wan Chai, where the mastermind and his girlfriend live," Wu said.
"The two were arrested for drug trafficking, manufacturing of drugs and money laundering," he added.
Police also raided a vehicle maintenance shop in Yuen Long and towed away a Porsche sports car worth HK$600,000. Wu said the vehicle was registered under the mastermind's shell company.
"Officers also arrested a man outside a flat in a factory building on Lam Hing Street in Kowloon Bay after finding 350 grams of crack cocaine on him," Wu said.
"The flat was rented under the man's name, and officers found 500 grams of unprocessed cocaine and 220 gram of crack cocaine inside the flat alongside drug manufacturing and packaging tools," he added.
Later, police also found 500 grams of cocaine in a mini-storage that is believed to be controlled by the syndicate on Hill Road in Shek Tong Tsui. Wu said more arrests might be made.