Pickpockets from China targeting flights to, from Southeast Asia: diplomat

Pickpockets from China targeting flights to, from Southeast Asia: diplomat
Tuesday, December 24, 2013
The China Post news staff

Professional mainland Chinese pickpockets have been targeting flights to and from Southeast Asia, a member of Taiwan’s representative office in Indonesia said, urging Taiwanese travelers to remain alert.An Indonesia-based Taiwanese businessman, surnamed Chang, recently discovered that his money had been stolen while on a flight to Hong Kong from the Southeast Asian country.

When Chang boarded the flight, he discovered that his seat had been taken. When confronted by flight attendants, the person in the seat claimed that he was traveling with family members and that he would like to sit next to them.

The flight attendant asked Chang if he would mind taking another seat, but left Chang’s carry-on luggage in the overheard compartment above the original seat.

After arriving in Hong Kong, Chang discovered that 6,000 yuan and a specific amount of New Taiwan dollars had been taken from his carry-on luggage. After reporting the situation to the airline’s ground staff in Hong Kong, he was told to contact the airline’s headquarters in Indonesia.

The airline’s headquarters personnel told local reporters in a telephone interview that the airline has to wait until it receives a complaint and establishes contact with the passenger in question before it can look into the situation.

According to local reports, professional mainland Chinese pickpockets have increasingly been targeting Southeast Asia-mainland China and Southeast Asia-Hong Kong flights. The pickpockets tend to travel on budget airlines to cut back on costs.

An R.O.C. Criminal Investigation Bureau liaison in Indonesia told the Central News Agency that there has indeed been an increase in similar cases.

The liaison explained that since overhead compartments tend to be large, flight attendants frequently move carry-on luggage in the compartments to ensure optimal storage; afterward, pickpockets will then get up and re-open the compartments, pretending to be checking their own luggage.

This is when money in other passengers’ luggage tends to be stolen, the liaison said, adding that the pickpockets usually don’t take cellphones or laptops.

The liaison further urged Taiwanese travelers to keep luggage containing cash in sight and within reach to avoid getting their money stolen.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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