Asia's richest woman Nina Wang Kung Yu-sum was released on $5 million bail yesterday after being arrested for allegedly forging her late husband's will.
The arrest came early yesterday after the billionaire had been held for questioning by Commercial Crime Bureau officers in their Wan Chai headquarters for about 20 hours, a source said.
Mrs Wang was freed on bail pending further investigation and was ordered to report back to police in three months.
The police investigation follows a court ruling in a civil case last month that Mrs Wang, who built Chinachem into a $27 billion empire after inheriting the company, had 'probably' forged her husband's will. That will was supposedly written in 1990, shortly before Teddy Wang Teh-huei's kidnapping in April of that year. He has not been seen since and was declared legally dead in 1999.
The chairwoman of Chinachem Group left the police headquarters at about 4am yesterday.
Mrs Wang was given advance notice by police to come to the office of the Commercial Crime Bureau and assist officers investigating the suspected forging of Teddy Wang's will. She arrived with her lawyers at about 7am on Wednesday. While she was being questioned in Wan Chai, officers raided her 14th-floor office and residential apartment in Chinachem Golden Plaza in Tsim Sha Tsui East. Some documents - including signature samples - were seized during the raid.