Police hunt for missing $600,000

PUBLISHED : Wednesday, 10 March, 1993, 12:00am
UPDATED : Wednesday, 10 March, 1993, 12:00am

DETECTIVES investigating the kidnapping of a businessman on Sunday are trying to find $600,000 missing from the $3 million ransom paid by the victim's family.

Police arrested seven men - including a 29-year-old prime suspect - during raids on Monday and early yesterday.

Among those held was a 32-year-old sergeant attached to Sau Mau Ping police station. The officer, who was not involved in the kidnapping, was arrested on Monday because he was alleged to have handled part of the $3 million ransom before some of it disappeared.

The main suspect, believed to have staged the kidnap alone, was detained last night while the others were released on bail of between $2,000 and $10,000 each.

Officers said the principal suspect might have used part of the ransom to settle a gambling debt of more than $100,000.

The 35-year-old businessman was rescued unhurt on Monday after being held for less than 24 hours in a stone hut in Sai Kung.

Police divers searched the sea off Tui Min Hoi and recovered a mobile telephone belonging to the victim. The gun used to threaten the victim was not found.