Taiwanese police rescued a kidnapped Hong Kong tycoon yesterday held hostage in a tiny shack for more than a month with his kidnappers beating him and demanding US$9 million ransom for his release.
Wong Yuk-kwan, chairman of Hong Kong-based Pearl Oriental Oil Ltd., had been abducted by two men who forced him into a waiting car in the outskirts of Taipei on September 20, reports CNR.
Footage of the rescue operation shows Wong huddled inside a shack in Yunlin county, looking frightened and haggard in just an undershirt and underpants with his face bruised, legs covered in cuts and feet shackled.
After they rescued him, Wong reportedly told the police, “I didn’t expect to make it out alive.”
Police arrested fifteen people involved in the abduction including the suspected mastermind. The gang had sent emails to Wong’s office in Hong Kong demanding a HK$70 million ransom to be paid in bitcoins.
Wong says that he plans to resume his role as chairman of the Hong Kong company immediately. He is currently accused of fraud and money laundering in Hong Kong and was released on HK$5 million bail in 2013.
Hong Kong is well-known for high-profile kidnappings. Over the summer a gang kidnapped the heiress to the Bossini clothing empire, asking for HK$28 million for her safe return. The woman’s father paid up and the gang members were later caught by police.
[Images via Tencent]