After Hong Kong’s “Money Drop”, 2 Arrested For ‘Picking Up’ $2 Million

After Hong Kong’s “Money Drop”, 2 Arrested For ‘Picking Up’ $2 Million

Tyler Durden’s pictureSubmitted by Tyler Durden on 12/27/2014 21:00 -0500
http://www.zerohedge.com/news/2014-12-27/after-hong-kongs-money-drop-2-arrested-picking-2-million

As we reported Christmas Day, the streets of Hong Kong’s Wan Chai district were awash with cash when a security van accidentally ‘spilled’ millions of dollars scattered among busy traffic. Onlookers rapidly ‘picked up’ the spilled cash but as RT reports, Christmas joy was short-lived for two people, who scavenged almost $2 million dollars in cash. “We found the money stored under the bed at their homes and they admitted they took the money on Gloucester [Road] after getting off the taxi they were in,” Police Chief Inspector Addy Li Chi-kin said at a media briefing. The ‘scavengers’ were clearly not Keynesian economists who would have passed-by the money assuming someone else would have picked it up.

As RT reports,

Christmas joy was short-lived for two people, who scavenged almost $2 million dollars in cash after a security van’s faulty backdoor scattered money all over the road. The two have been arrested after piles of bills were found under their beds.

A 43-year-old businessman and a 36-year-old cosmetologist were passengers in a taxi that passed by Gloucester Road, near Hong Kong’s financial district, when an estimated sum of 15 million Hong Kong dollars (US$1.9 million) accidentally spilled on the highway on Christmas Eve. The security van transporting the cash contained a total of HK$270 million (over $34 million), according to police.

“We found the money stored under the bed at their homes and they admitted they took the money on Gloucester [Road] after getting off the taxi they were in,” Police Chief Inspector Addy Li Chi-kin said at a media briefing, as cited by South China Morning Post.


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At least 30 people have returned a total of HK$5.69 million ($733,299) to police officials.

Li added that police officials will arrest “as soon as possible” all those people identified picking the cash up on Christmas Eve.

Media reports state the van had a faulty rear gate, which led to piles of money falling out.

A witness told the South China Morning Post that most of the cash “was gone within minutes.”

“There were 20 or 30 people picking up cash from the road on Christmas Eve. They looked like school kids who knew they were being naughty, but thought: “ ‘This is once in a lifetime thing.’ Everyone had the same look on their face.”

The Bank of China (BOCHK) said the security service company G4S had promised to pay for all the losses.

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