The Hong Kong government announced on Wednesday that a garment counterfeiting syndicate with Japanese connections has been shut down by Customs, and will have its assets frozen, marking the first time that the department has applied the Organised & Serious Crimes Ordinance to freeze the crime proceeds of trademark infringers.
Officers arrested nine men and two women, aged 21 to 48, two of whom were directors of the Tsim Sha Tsui trading company and believed to be the syndicate heads.
According to the SAR authorities, the gang was one of the biggest to be shut down by Customs, and is believed to have about $20 million in crime proceeds.
157,000 pieces of counterfeit clothing and leather goods worth $62.5 million were reportedly seized, the majority of which mimicked high-end brand names.
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