A Hong Kong gold dealer reported the theft of approximately $12 million worth of gold bullion on Wednesday, March 20, 2026, prompting a swift police investigation and multiple arrests. The incident underscores the risks associated with high-value transactions, even in secure commercial districts.
Police responded to a report of a break-in at a gold trading business located in the Peninsula Plaza on Chong On Street in Hong Kong’s Hung Hom district. According to reports, 73 kilograms (approximately 161 pounds) of gold bars, valued at roughly HK$95 million (US$12.2 million), were stolen. The theft involved 73 individual one-kilogram gold bars.
Authorities quickly launched a manhunt, leading to the arrest of five individuals – four men and one woman – in Central and Tai Po on the same day. Police have recovered all of the stolen gold. The suspects, ranging in age from 31 to 58, are currently being held for questioning.
Initial investigations suggest the involvement of a former business partner of the gold dealer. Police are exploring the possibility that the theft stemmed from a commercial dispute. According to reports, the former partner was seen taking the gold bars from the premises before leaving in a private vehicle.
The incident unfolded around 2:57 PM local time on March 20th, when a woman reported that three individuals had forcibly taken the gold bars during a transaction. A fourth accomplice waited outside to assist in the getaway, with the group fleeing in two separate cars. Police utilized data analytics and CCTV footage to track down the suspects.
The case is currently being investigated as theft, though authorities have not ruled out other possibilities. The swift recovery of the stolen gold highlights the effectiveness of the police response and the employ of modern investigative techniques.
