A Hong Kong entrepreneur and his son have reportedly turned themselves in to authorities following their alleged participation in the abduction of a cryptocurrency investor, as per sources familiar with the situation, as reported by the South China Morning Post.
Law enforcement detained the 70-year-old individual and his 30-year-old male child on suspicion of false imprisonment and assault. The report indicates that both are presently undergoing questioning at the Tai Po Police Station. Investigations revealed that although the suspects were not directly implicated in the event, the vehicle utilized was owned by the pair.
According to the report, the entrepreneur purportedly invested roughly HK$15 million (equivalent to around $1.9 million) in cryptocurrency with the assistance of a woman he had been introduced to via referrals. Initial inquiries suggest that the businessman encountered difficulties in retrieving the funds, and the woman was intermittently unreachable, potentially leading to the situation escalating into criminal behavior.
In the course of the abduction, the woman’s spouse purportedly faced an assault from an unidentified individual wielding a stun gun when he tried to intervene, sustaining injuries in the process. Sources close to the situation indicate that authorities are not dismissing the notion that a group of “four men may have been hired to execute the task.”
The most recent occurrence represents the second kidnapping in Hong Kong within just 32 hours, underscoring apprehensions regarding escalating criminal incidents. Earlier in 2024, the Hong Kong Securities and Futures Commission (SFC) disclosed a notable surge in cryptocurrency-related offenses over the preceding three years, amounting to billions of yuan in cases.
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