Hong Kong Police Hunt Suspects in $12 Million Gold Bar Heist

Hong Kong police are investigating the theft of approximately 73 kilograms of gold bars, valued at an estimated US$12 million, from a shop in Hung Hom. A manhunt is underway for three suspects believed to be involved in the sophisticated deception.

Details of the Theft

On Friday, police responded to a report made by a woman who alerted authorities to a suspected burglary at a gold shop located in Peninsula Square on Sung On Street. The shop owner informed the woman that someone had stolen the gold bars and fled in a private vehicle. Hong Kong police are currently investigating the incident.

Suspects and Vehicle

According to a source familiar with the investigation, a former partner of the shop allegedly deceived the manager into handing over the gold bars. The suspects then escaped in a black Tesla with a driver.

Police briefly stopped a white vehicle near a toll plaza on the North Lantau Highway, en route to the airport, but determined it was not connected to the case.

Recent Police Activity in Hong Kong

This incident occurs amidst other recent police activity in Hong Kong. On March 17, 2026, the South China Morning Post reported on the 2006 Hong Kong subway shootout that left two policemen dead. Hong Kong police have also been involved in investigations related to a fire in Tai Po, with arrests made concerning potential theft from the fire-hit estate. Hong Kong police recently arrested a man over alleged indecent assault and a fight in Sham Shui Po on March 9, 2026. 13 people were arrested in connection with HK$113 million laundered using the government’s ‘iAM Smart’ app. Hong Kong police also made arrests related to the Tiananmen Square commemoration. Hong Kong police arrest 2, take away 10 at Tiananmen commemoration.

Ongoing Investigations

The investigation into the gold theft is ongoing, and police are actively pursuing leads to apprehend the suspects and recover the stolen gold.