IT company owner kidnapped and assaulted after allegedly scamming man over HK$600,000 in bitcoin transaction, 3 arrested


29th January 2022 – (Hong Kong) Following the case of kidnapping and extortion of HK$30 million involving Tether cryptocurrency transaction in November last year, another similar case happened again in Sham Shui Po. A 57-year-old man paid HK$600,000 to an IT company owner to invest in Tether cryptocurrency but he did not get any returns after a few months. He then paid some triad members to disguise as potential customers to visit the IT company.

After reaching the office, the suspects assaulted the owner of the IT company, took his ATM card and withdrew a total of HK$20,000 and called his family member to demand a ransom of HK$600,000 to compensate for the loss.

The suspects then drove the victim to two abandoned tenement flats in Tai Kok Tsui and Sham Shui Po before hitting the victim on the head with hard object.

After receiving a report from the victim’s relatives and friends, the police immediately arrested three men, including two masterminds and a 40-year-old unemployed man The victim who was falsely imprisoned for more than 50 hours was injured. The police are investigating the case.

It is understood that the male victim is a 53-year-old IT company owner surnamed Kwok, who is single and lives with his younger brother. The two masterminds arrested are a 57-year-old man surnamed Leung and a 40-year-old unemployed man surnamed Chuang. Leung runs a health food company and has an office of about 200 square feet in an industrial building in Lai Chi Kok. He does not have a triad background but he knows Chuang who is linked to the “14K” gang. Chuang was promised a fee of HK$200,000 for the crime.