Shenzhen police have recovered HK$3.65 million (US$459,568) from a suspect in the kidnapping of a Hong Kong fashion retail heiress.
Xiong Denghui, 22, the latest suspect to be arrested, led police to the loot, part of a HK$28 million ransom paid to the kidnappers by the family of Queenie Law which owns fashion retail chain Bossini.
Police dug up the cash in Lo Wu district near the border with Hong Kong. It had been stuffed into a backpack in HK$1,000 bills, along with several pieces of jewelry, Apple Daily reported Friday.
The suspects had divvied up the loot before they parted ways, police said.
Eight suspects have been arrested, including one in Hong Kong, but another remains at large.
Earlier, Shenzhen authorities recovered HK$2.8 million and some valuables. The remaining HK$21 million is still missing.
Law, 29, was seized on April 25 from her home in Clearwater Bay by nine men believed to be from China’s southwestern Guizhou province.
She was released unharmed after her family paid the ransom.
– Contact us at [email protected]