A paternal and filial duo from Hong Kong Scandal have submitted themselves to authorities in connection with a case involving the abduction of an investor in cryptocurrency, shedding light on the surge of violent crimes in the city and a financial disagreement totaling $1.9 million.
Hong Kong Scandal
According to sources familiar with the situation, a Hong Kong Scandal entrepreneur along with his adult offspring have turned themselves in to law enforcement due to their suspected involvement in the kidnapping of a digital currency investor, as disclosed by the South China Morning Post.
The 70-year-old individual and his 30-year-old progeny were apprehended by authorities on charges of illegal confinement and battery, with both currently undergoing interrogation at the Tai Po Police Station. Investigations have revealed that although the suspects did not directly partake in the abduction, the vehicle utilized during the incident was registered under their names.
It has been reported that the entrepreneur had invested approximately HK$15 million (equivalent to roughly $1.9 million) in cryptocurrency with the assistance of an acquaintance, “whom he had been acquainted with through referrals.” Preliminary inquiries suggest that the entrepreneur purportedly encountered difficulties in reclaiming the invested funds, compounded by the occasional unavailability of the aforementioned acquaintance, potentially precipitating the progression to criminal activities.
In the course of the abduction, the spouse of the aforementioned acquaintance was allegedly subjected to an assault by an unidentified assailant employing a stun device when he endeavored to intervene, resulting in physical harm. Individuals familiar with the matter indicate that law enforcement authorities have not discounted the possibility that a syndicate comprising “four individuals was remunerated to execute the task.”
This recent development marks the second instance of kidnapping within a mere 32-hour timeframe in Hong Kong Scandal, underscoring apprehensions regarding the escalating incidence of criminal conduct. The Hong Kong Securities and Futures Commission (SFC) disclosed earlier in 2024 a substantial surge in crypto-related criminal activities over the preceding three years, with reported cases amounting to billions in Chinese yuan.