Yau Ma Tei in Kowloon was the scene of a major street robbery. Photo: Google Maps

Police are looking for a gang of six men who allegedly robbed a mainland Chinese man of HK$360,000 (US$46,040). The incident took place on a street in Kowloon’s Yau Ma Tei in the early hours of Thursday.

The 33-year-old victim, whose surname is Liu, went to a bank on Nanking Street in Yau Ma Tei at 4am and withdrew the cash from an ATM machine by using more than 40 bank cards, Oriental Daily reported.

When Liu, who lives in Heilongjiang, returned to the Eaton Hotel on Nathan Road, he was attacked by six men. They stole cash, bank cards, a jacket worth HK$2,000 and a mobile phone.

Liu reported the robbery to the police and was later treated in hospital for minor injuries. Police believe the gang had followed Liu from the time he withdrew the money from the ATM.

The victim said the bank cards belonged to his relatives and friends in China. He told police he had been authorized by them to withdraw the money. But a law enforcement source disputed his story, saying that Liu was employed by a mainland company.

The victim’s job was to withdraw Hong Kong dollars from ATMs and exchange the money into yuan at an advantageous rate, and send it back to China, Sing Tao Daily reported.