Ex-CEO of Hong Kong listed firm arrested for allegedly stealing, auctioning HK$25 million worth of wine
- Joseph Leung, formerly of wine company Major Holdings, is accused of failing to return 489 bottles of expensive liquor to mainland collector
- Police warn public against purchasing alcohol from unknown sources
Police have warned the public against purchasing alcohol from unknown sources, after the former CEO of a Hong Kong listed company was arrested for allegedly stealing and auctioning HK$25 million worth of wine from a mainland Chinese collector.
Joseph Leung Chi-kin, the former head of wine company Major Holdings, was arrested on suspicion of stealing 489 bottles of expensive liquor on July 9.
The 42-year-old resigned last month, just days before he was accused of failing to return HK$25 million worth of alcohol to a mainland wine lover, sources said. The alcohol, which cost an average of HK$51,000 per bottle, included red and white wines, Japanese sake and spirits.
Police were still trying to track down the stolen liquor and warned the public, especially wine collectors, not to buy goods from unknown sources.
“If someone touts goods from unknown sources, if in doubt, do not buy it and call police immediately,” the force said.