Hong Kong's "BBB Group" agarwood investment is suspected to be a scam, involving the sale of over-the-counter stocks and digital assets; police have arrested four people.

PANews October 18 news, according to Hong Kong media HK01 report, Hong Kong "BBB Group" (Chinese name: Haohaohao Group) claims to invest in the agarwood industry in Malaysia and sell over-the-counter stocks and digital assets, suspected of being a scam. The company says it will convert OTC stocks into "digital asset" cryptocurrency on or before February 2027. It is reported that the Hong Kong police have received reports from 21 people, involving HK$14 million in the relevant investment project. The Commercial Crime Bureau is investigating on suspicion of "conspiracy to defraud" and has launched arrest operations, with four people arrested so far.

According to the official website of the Hong Kong Securities and Futures Commission, "Malaysian Agarwood Plantation Investment / Agarwood Tree Plan / Agarwood Potted Trees / APT4.0" has been listed as a suspicious investment product.

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