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Police arrest sixth suspect in HKMEx probe

Police arrested a sixth mainlander yesterday during their probe into the collapse of former executive councillor Barry Cheung Chun-yuen's Hong Kong Mercantile Exchange (HKMEx).

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Hong Kong Mercantile Exchange's headquarters in Cyberport. Photo: May Tse

Police arrested a sixth mainlander on Thursday during their probe into the collapse of former executive councillor Barry Cheung Chun-yuen's Hong Kong Mercantile Exchange (HKMEx).

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The 76-year-old man, surnamed Chen, was arrested on suspicion of using a false instrument, a police spokeswoman said.

Last night he was being detained at the police headquarters in Wan Chai for questioning. No charge had been laid against him.

It brings the number of arrests to six since the Securities and Futures Commission (SFC), which was monitoring the HKMEx's finances, alerted the police commercial crime bureau to suspected serious financial irregularities at the company this month.

The other five suspects - four men and one woman - are also from the mainland.

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Three of them have been charged with possession of false bank instruments purported to be worth several billion Hong Kong dollars.

They are Dai Linyi, 65, Li Shanrong, 49, and Lian Chunyan, 50. The three were remanded in custody and the case was adjourned to July 19.

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