Three men were arrested on suspicion of working for a criminal syndicate that used fake credit cards to buy luxury goods and resold them for profit.
Those arrested were a 25-year-old mainland man surnamed Zhou, a 28-year-old Hong Kong man surnamed Yeung and a 53-year-old herbal store operator surnamed Lee, Sing Tao Daily reports.
Zhou and Yeung were charged with possession of false instruments and use of a false instrument, while Lee was charged with using a false instrument.
Chief Inspector Tam Tsz-wai of the anti-triad section of New Territories North Police District, which is in charge of the case, said the group specialized in making fake credit cards.
Investigation showed that the group created fake credit cards using information stolen from legitimate cardholders.
Zhou, posing as a tourist, took the cards to Hong Kong and went to the herbal store run by Lee to test whether the cards could pass off as genuine.
Then members of the group used the cards to purchase expensive items, which they later resold to make money.
Police on Thursday raided the herbal store on Nathan Road near Bute Street in Mong Kok.
Aside from arresting the three suspects, police also seized 22 fake credit cards, a card-making machine, and other evidence.
Investigation revealed that Lee received at least 30 percent of the illegal profit made by the group as commission for the service he provided, news website hk01.com reported.
Operations related to the case were continuing and more arrests were expected, police said.
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