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25 arrested as Hong Kong police bust loan shark ring charging up to 282% interest rate

25 arrested as Hong Kong police bust loan shark ring charging up to 282% interest rate
South China Morning Post Thursday 06 August 2026, 04:45 UTC By Matthew Cheng 1 min read
Key Points

Hong Kong police have arrested 25 people, some as young as 13, in a crackdown on a loan shark syndicate that charged victims annual interest rates of up to 282 per cent. Police said on Thursday that the crime ring had extended a total of HK$200 million (US$25.5 million) in loans to about 2,000 residents over the past year, with at least HK$8 million in criminal proceeds funnelled into the core members’ personal accounts. During operations on Tuesday and Wednesday, officers raided three...

Hong Kong police have arrested 25 people, some as young as 13, in a crackdown on a loan shark syndicate that charged victims annual interest rates of up to 282 per cent. Police said on Thursday that the crime ring had extended a total of HK$200 million (US$25.5 million) in loans to about 2,000 residents over the past year, with at least HK$8 million in criminal proceeds funnelled into the core members’ personal accounts. During operations on Tuesday and Wednesday, officers raided three operating... [Image text:] ON RONC EXHIBIT AONG ENVELOPE GPOLICE FORCE AKA LEAP R RKP #3: CoolKey JU O 9KH RKR NP P HKPHXP ANR AKP AXRAKP.AKR HKRKR
Hong Kong (LOCATION)
Originally published by South China Morning Post Read original →

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