Event Brief
Hong Kong police arrest 29 in loan-shark crackdown
Filed: Jun 24, 2026 at 8:06 AM ET
Summary: Hong Kong police arrested 29 people over a loan-sharking and money-laundering ring charging up to 3,000% interest.
WHO: Hong Kong police
WHAT: Arrested 29 people in a crackdown on a loan-sharking and money-laundering ring.
WHEN: Jun 24, 2026 at 7:52 AM ET
WHERE: Hong Kong
WHY: The arrests followed a scheme that posed as licensed finance companies, lured victims into loans, and charged excessive interest and fees.
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