故事由十年前陈永仁与刘健明在警校大门外擦身而过开始。1991年，香港黑帮龙头大佬倪坤突然被枪杀，手下四大头目伺机发难坐大，一场惊心动魄的江湖斗争即将展开。只有新晋的韩琛(曾志伟)一人仍忠于倪家。另外，重案组督察黄志诚(黄秋生)及陆启昌(胡军)亦紧密步署防范。 不过，倪家第二代倪永孝(吴镇宇)虽是个毫不起眼的会计师，但城府极深，谁也想不到竟凭他一己之力，不费一兵一卒便牵制住四大头目，成为新任龙头。黄志诚对他起了戒心，派警校毕业生陈永仁(余文乐)渗入倪家进行长期的卧底计划。另一方面，韩琛为巩固势力，亦早已安排手下刘健明(陈guan希)考进警察部通风报讯。 三年后，陈永仁取得倪永孝的信任，在家族中任居要职。刘健明亦凭韩琛提供的情报在警队扶摇直上。而倪永孝事业一帆风顺，社会地位日渐提高。野心勃勃的他决定将五大头目一举歼灭，令自己安枕无忧。一夜之间，曾经背叛家族的四大头目同时被杀，韩琛亦在泰国受袭，下落不明。
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