2 w. ago Robbers steal US$35 million in cash, gold and jewellery from German bank

Robbers used a large drill to break into a German savings bank’s vault room and steal cash, gold and jewellery worth some €30 million (US$35 million), police said on Tuesday. The robbery in the western city of Gelsenkirchen saw the thieves break into more than 3,000 safe deposit boxes, they said. While the criminals remained at large, hundreds of distressed bank customers massed outside the branch on Tuesday demanding information but were kept at bay by police. According to police, the robbers...

Economics

2 w. ago Robbers steal over US$100 million in cash, gold and jewellery from German bank

Thieves stole tens of millions of euros worth of property from safety deposit boxes inside a German bank vault that they drilled into on Monday during the holiday lull, police said. Some 2,700 bank customers were affected by the theft in Gelsenkirchen, police and the Sparkasse bank said. Thomas Nowaczyk, a police spokesman, said investigators believe the theft was worth between €10 million and €90 million (US$11.7 to US$105.7 million). German news agency dpa reported that the theft could be one...

Economics

2 w. ago Thieves steal up to US$100 million in cash, gold and jewellery from German bank

Thieves stole tens of millions of euros worth of property from safety deposit boxes inside a German bank vault that they drilled into on Monday during the holiday lull, police said. Some 2,700 bank customers were affected by the theft in Gelsenkirchen, police and the Sparkasse bank said. Thomas Nowaczyk, a police spokesman, said investigators believe the theft was worth between €10 million and €90 million (US$11.7 to US$105.7 million). German news agency dpa reported that the theft could be one...

Economics

2 w. ago ‘Ocean’s Eleven’ gang steals millions in cash, gold and jewellery from German bank

Robbers used a large drill to break into a German bank’s vault room during the extended Christmas break and steal cash, gold and jewellery worth €30 million (US$35 million), police and the bank said on Tuesday. The spectacular heist in the western city of Gelsenkirchen, North Rhine-Westphalia state, saw thieves smash open more than 3,000 safe deposit boxes and make off with the loot. While the criminals remained at large, hundreds of distressed bank customers massed outside the branch on Tuesday...

Economics

4 w. ago Hong Kong police arrest 5 over stealing HK$1.8 million from eMPF account holders

Hong Kong police have arrested five men on suspicion of posing as Mandatory Provident Fund (MPF) account holders to withdraw HK$1.8 million (US$231,300) from the city’s newly created online pension fund platform. The scam also prompted the Mandatory Provident Fund Schemes Authority, which manages the pension scheme, to instantly suspend its digital paperless verification process, known as eKYC, for registering online platform users. It apologised for any inconvenience caused. Chief Inspector Lee...

Events

4 w. ago 5 arrested in Hong Kong over HK$1.8 million theft targeting MPF account holders

Hong Kong police have arrested five men on suspicion of posing as Mandatory Provident Fund (MPF) account holders to withdraw HK$1.8 million (US$231,300) from the city’s new online pension fund platform. The scam also prompted the Mandatory Provident Fund Schemes Authority, which manages the pension scheme, to immediately suspend its paperless verification process, known as eKYC, for registering online platform users. It apologised for any inconvenience caused. Chief Inspector Lee Chun-man of the...

Economics

4 w. ago 5 arrested in Hong Kong over HK$1.8 million stolen from eMPF pension accounts

Hong Kong police have arrested five men on suspicion of posing as Mandatory Provident Fund (MPF) account holders to withdraw HK$1.8 million (US$231,300) from the city’s new online pension fund platform. The scam also prompted the Mandatory Provident Fund Schemes Authority, which manages the pension scheme, to immediately suspend its paperless verification process, known as eKYC, for registering online platform users. It apologised for any inconvenience caused. Chief Inspector Lee Chun-man of the...

Economics