Police in Taiwan rescued a Hong Kong tycoon from his kidnappers, arresting six suspects, Ming Pao Daily reported Wednesday.
Wong Yuk-kwan (also known as Wong Kwan), 68, chairman of Pearl Oriental Oil Ltd. (00632.HK), was found in a hut late Tuesday in Yunlin county in central Taiwan.
He was dressed only in an undershirt and underpants.
Although Wong was basically in good health, he looked haggard and had bruises on his face.
Wong, who is now in hospital in the county, reportedly told police when he saw them, “I didn’t expect to live any longer.”
The self-made businessman was accused of fraud and money laundering in Hong Kong and posted HK$5 million (US$645,000) in bail in 2013.
He then applied for medical parole and went to Taiwan to stay at his wife’s parents’ home in New Taipei City.
Taiwanese police said two men forced him into a car outside the residence on Sept. 20 and he had not been heard from since.
Wong’s wife suspected he had been abducted and called the police on Sept. 22.
He was held in a hut in the countryside under 24-hour surveillance by the kidnappers, who demanded a ransom of HK$70 million.
A police investigation revealed that the kidnappers were extremely careful and avoided communicating by phone.
The six suspects arrested Tuesday, along with six others arrested Monday, are reportedly members of the United Bamboo Gang, one of the largest triads in Taiwan.
Police are trying to figure out if more of the kidnappers remain at large.
Pearl Oriental Oil chairman goes missing in Taiwan Sept. 24, 2015
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