Police say an 18-year-old woman has lost around HK$9.2 million after falling for a phone scam.

Sources said on Friday that the mainland woman is a University of Hong Kong student. They also said police have put five suspects on their wanted list.

Police said the woman received a call almost two months ago from somebody claiming to be a mainland law enforcement officer.

She reported being told she was implicated in a money laundering investigation and had to repeatedly transfer money to another bank account as part of the probe.

After the transfers were made, the scammers cut off contact, police said.

The force has listed the case as obtaining property by deception, with no arrests made so far.