Police dismantle alleged triad group that ran account centres to launder HK$600 million
Hong Kong police have arrested 147 people after uncovering a triad syndicate suspected of setting up centres to coordinate bank accounts and handle HK$600 million (US$76 million) in allegedly illicit proceeds. Police said on Sunday that they had conducted a citywide operation code-named “Rapidhorse” over the previous two days against the syndicate allegedly operating drug and illegal gambling…
HONG KONG police have dismantled a triad syndicate accused of operating a network to launder illicit funds. The operation, code-named "Rapidhorse," targeted drug dens, gambling spots, and money-laundering centres across the city. Police arrested 147 individuals, including alleged ringleaders and core members, seizing assets worth about HK$5 million. The syndicate allegedly laundered nearly HK$600 million between January 2025 and August 2026.
Written by urgent.news from South China Morning Post - Hong Kong's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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