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Hong Kong Businessman and Son Implicated in Cryptocurrency Investor Abduction

Published 05/09/2024, 08:50 PM
Updated 05/09/2024, 09:15 PM
Hong Kong Businessman and Son Implicated in Cryptocurrency Investor Abduction
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  • Hong Kong businessman and son surrender for investor abduction.
  • Cryptocurrency investor allegedly owed millions, abducted.
  • Police hunt for four captors involved in cryptocurrency abduction.

A Hong Kong businessman and his son were arrested in the investigation of a cryptocurrency investor’s abduction. The pair, aged 70 and 30 respectively, surrendered to police on Wednesday afternoon at Tai Po Police Station, accompanied by their lawyer.

While not directly involved in the physical abduction, the businessman and his son were arrested on suspicion of false imprisonment and assault. Authorities revealed a connection between the suspects and the abduction after discovering the getaway vehicle belonged to the family.

According to an inside source, the businessman allegedly invested a significant sum, HK$15 million (US$1.9 million), in virtual currency through the victim 18 months prior. The source further claimed the businessman faced difficulties retrieving his investment and the victim became increasingly unreachable at times.

Reportedly, the 55-year-old female investor was forcefully dragged f…

The post Hong Kong Businessman and Son Implicated in Cryptocurrency Investor Abduction appeared first on Coin Edition.

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