Hong Kong Police Arrest 17 More in Suspected 'Crash-for-Cash' Scam Involving Over HK$137 Million
The South China Morning Post reports that Hong Kong police have detained 17 additional individuals connected to a suspected 'crash-for-cash' scam syndicate while investigating 669 suspicious claims amounting to over HK$137 million (US$17.4 million).
According to the South China Morning Post, the Commercial Crime Bureau's operation resulted in the arrest of 17 more people linked to a suspected 'crash-for-cash' scam syndicate, bringing the cumulative total of arrests to 55 as authorities look into 669 suspicious claims valued at more than HK$137 million, which is equivalent to US$17.4 million.
Among the individuals apprehended was one insurance claimant who was accused of submitting 12 compensation claims exceeding HK$3 million. The 17 claimants, whose ages ranged from 27 to 49, were arrested by officers from the commercial crime bureau between September 9 and October 7 on suspicion of fraud.