The fifth suspect arrested by police during a probe into Barry Cheung Chun-yuen’s failed Hong Kong Mercantile Exchange (HKMEx) was granted bail on Tuesday morning after being questioned by officers for about 36 hours.
The suspect, a 35-year-old mainland woman, was required to report back to police in July, according to a police spokeswoman.
She was picked up by police at the Hong Kong-Macau Ferry Terminal in Sheung Wan on Sunday while trying to leave the city for Macau. Police arrested her on suspicion of using forged instruments.
Last week, police charged three mainland men with possessing false bank documents 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.
A fourth suspect, a 60-year-old mainland man surnamed Zhu, was arrested last Wednesday on suspicion of possessing false documents. He was released on bail two days later but must report back to police in mid-July.
The police spokeswoman said the investigation was still continuing.
The arrests were made after the Securities and Futures Commission, which was monitoring the HKMEx’s finances, alerted the police commercial crime bureau to suspected serious financial irregularities at the company.
Cheung resigned from all his public positions – including executive councillor and head of the Urban Renewal Authority – last Friday after being invited by police to assist their investigation into his failed Hong Kong Mercantile Exchange.
At least three senior executives of the failed commodities agency were understood to have been interviewed by police.
Cheung is the founder and chairman of the HKMEx.