Connect with us

World

7 people arrested over kidnap and torture of a cryptocurrency investor in Hong Kong

Published

 on 

Hong Kong Police | Stock photo via Wikimedia Commons

Seven people were arrested by Hong Kong police on Sunday over alleged involvement in the kidnap for ransom and torture of a man who was entangled in a cryptocurrency scam. According to police, the victim was badly beaten and assaulted with hammers and metal chairs by a gang and held captive for about a week.

The 39 year old victim arrived at Kowloon Bay in northern Hong Kong on November 6 to meet a buyer he found on the internet to sell the digital currency Tether, police say, according to a local media report. To finalize the purchase, according to the police, the male buyer lured the victim into a unit in a nearby industrial building.

He was also forced to hand over his phone and the credentials to his online banking and trading platform accounts by the kidnappers. His captors tried to demand a HK$30 million (US$3.85 million) ransom from his family.

Next day, the victim was driven blindfolded to a container terminal and relocated by the crooks to a village house in Tai Po where they placed him under constant monitoring.

Three days later, the victim’s family contacted the police and the Kowloon West regional crime unit managed to identify the house where he was being held captive. Officers raided it on Friday night and the victim managed to crawl out of a window on the mezzanine floor and fall to the ground, before authorities arrived.

Two males were caught on the spot, while four more men and a woman were apprehended over the weekend. The suspects in the most recent arrests were between the ages of 25 and 32 the woman was identified as a tenant in the house. Two suspects have been charged.

The man was hospitalized after suffering multiple major limb and hand fractures. Officers stated the kidnappers demanded a HK$8 million ransom from the victim’s family, which was later escalated to HK$30 million, but that the family refused to pay any amount.

The investigation is still underway, and more persons may be arrested, according to the police.

SOURCE: rthk.hk

𝗢𝗥𝗜𝗚𝗜𝗡 𝘅 𝗟𝗔𝗭𝗔𝗗𝗔 𝟭𝟭.𝟭𝟭 ออริจิ้น แจกใหญ่ 11 โครงการ  โอกาสเดียว วันเดียว !

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

If you have story ideas, a restaurant to review, an event to cover or an issue to discuss, contact The Thaiger editorial staff.

Follow Thaiger by email:

Food3 mins ago

Thailand’s top cheesemaker toasts his own success

Crime17 mins ago

New details unfolding over alleged assault by Pattaya loan sharks

Hot News31 mins ago

Family of man who died after a hair transplant warns others to avoid cowboy clinics

Sponsored4 hours ago

Where you can get cannabis in Bangkok

Pattaya1 hour ago

Ladyboys steal Russian tourist’s gold necklace in Pattaya, Thailand

Hot News2 hours ago

7-Eleven stores introduce digital govt service channel for Thais

Thailand2 hours ago

Motorbike taxi driver wins 12 million baht lottery jackpot in Thailand

Join the conversation on the Thaiger Talk forums today!
Tourism2 hours ago

Tourists flock to famous market in Koh Samui

Cannabis News3 hours ago

9 year olds smoke cannabis on Pattaya Beach in Thailand

Education3 hours ago

A guide to the costs of international schools in Thailand

Thailand4 hours ago

Woman allegedly steals winning lottery ticket from friend

Thailand4 hours ago

Driving licence point deductions starting next year in Thailand | GMT

Board of Investment4 hours ago

Thailand’s Board of Investment unveils transformation plans

Hot News5 hours ago

Pattaya Walking Street gunman surrenders claiming it was ‘friendly fire’

Cultural Activities5 hours ago

Part two: the most haunted places in Bangkok

China5 hours ago

China’s great firewall breached as zero-Covid policy protesters access Twitter, Telegram

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending