The powerful criminal and leader of a spy ring Haghi uses his spies that are infiltrated everywhere including in the secret service in attempts to steal documents from the French Embassy in Shanghai and from the Minister of Trade that is murdered. The press questions and mocks the officials in charge of security of state and the efficient Agent No. 326 a.k.a. the vagrant Hans Pockzerwinski is summoned by the Secret Service Chief to investigate the wave of crimes. Agent 326 immediately identifies that his chief’s assistant Vincent is a spy that is providing inside information to the evil mastermind that no one knows how looks like. Meanwhile, Haghi saves the scoundrel Hans Morrier from the gallows to serve him. Then Haghi, who is also the general director of the Haghi Bank, blackmails Mrs. Leslane, who is the wife of the powerful Roger Lesland and habitué of an opium den, to get information of the Japanese Secret Treaty. When Haghi assigns his master spy Sonya Baranilkowa to get closer to the elegant Agent No. 326, they unexpectedly fall in love for each other affecting Haghi’s evil scheme. Meanwhile his spy Kitty lures and seduces the reserved and efficient Japanese agent Akira Matsumoto to steal his documents about the recently signed Treaty that may bring war to the world.
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