Police apprehend suspect in armed robbery at Kwun Tong currency exchange store, loss exceeds HK$170,000

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14th April 2024 – (Hong Kong) On the 12th of April, a currency exchange store located at 106 How Ming Street, Kwun Tong, fell victim to an armed robbery, resulting in a loss of over HK$170,000. Following a thorough investigation, the police have successfully apprehended a male suspect believed to be involved in the armed robbery.

The tense situation unfolded at approximately 1.20pm last Friday when authorities received an urgent report. Responding promptly to the scene, a significant number of uniformed officers and plainclothes detectives arrived to initiate a comprehensive investigation. The case has since been handed over to the Serious Crime Unit of the Kwun Tong Police District for further proceedings.

Closed-circuit television footage captured the alarming moments of the suspected robber engaging in the act. The individual, described as a male wearing a grey duckbill cap, a mask, glasses, and dark-coloured attire, was seen standing near the counter of the currency exchange store. Suspicion arose as the suspect’s right hand appeared to make deliberate movements inside a bag worn across his chest. Eyewitnesses revealed that during the incident, a customer, identified as Mr. Tam, aged 49, was in the process of exchanging money. It was at this moment that the Cantonese-speaking perpetrator, brandishing what appeared to be a firearm, targeted Mr. Tam from behind and issued a demand to the female staff member, Ms. Chan, aged 31, stating, “This is a robbery. Stay calm and don’t trigger any alarms.” The suspect swiftly seized approximately 7,400 Chinese yuan and around HK$170,000 before fleeing in a taxi towards Kowloon Bay. Disturbing images from the crime scene revealed scattered banknotes strewn across the store floor.

According to the police, the 27-year-old insurance broker was arrested for planning and executing an armed robbery at a currency exchange shop in Kwun Tong. The suspect, who had accumulated a debt of 2 million Hong Kong dollars from gambling in Macao, decided to take a risky step by carrying out the robbery with an air gun. He managed to escape with HK$180,000 in cash and later handed over the stolen money to an elderly couple in the Sham Shui Po area. The suspect continuously changed his appearance and took routes without CCTV coverage before being apprehended in the Tseung Kwan O district.