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Nina Wang will 'fraud' man bailed Nina Wang will 'fraud' man bailed
(about 9 hours later)
A feng shui master suspected of forging a will to secure the multi-billion dollar estate of Asia's richest woman has been released on bail in Hong Kong.A feng shui master suspected of forging a will to secure the multi-billion dollar estate of Asia's richest woman has been released on bail in Hong Kong.
Tony Chan lost his claim to Nina Wang's fortune on Tuesday, after a court ruled the will was a fake.Tony Chan lost his claim to Nina Wang's fortune on Tuesday, after a court ruled the will was a fake.
A 2002 will was deemed to be valid, which left the estate to a charitable trust run by Mrs Wang's family.A 2002 will was deemed to be valid, which left the estate to a charitable trust run by Mrs Wang's family.
Mr Chan has not been charged but has been ordered to report back to police in March.Mr Chan has not been charged but has been ordered to report back to police in March.
He was arrested on Wednesday after police searched his home in the upmarket Peak area of Hong Kong.He was arrested on Wednesday after police searched his home in the upmarket Peak area of Hong Kong.
Profitable empireProfitable empire
Police said he was released on Friday evening, with bail set at HK$5m ($640,000, £408,000). Police said he was released with bail set at HK$5m ($640,000, £408,000).
"There is still a lot of investigation work to be done," Deputy Commissioner of Police Peter Yam was quoted as saying by the Associated Press news agency."There is still a lot of investigation work to be done," Deputy Commissioner of Police Peter Yam was quoted as saying by the Associated Press news agency.
Mr Chan had claimed in court that he had been Mrs Wang's lover and that she had left him her fortune in a 2006 will.Mr Chan had claimed in court that he had been Mrs Wang's lover and that she had left him her fortune in a 2006 will.
But on Tuesday, High Court Judge Lam Man-hon ruled the signature on the will was not that of the eccentric billionaire.But on Tuesday, High Court Judge Lam Man-hon ruled the signature on the will was not that of the eccentric billionaire.
He said the 2002 document "truly reflected the long-held intention on the part of Nina" to leave the money to the Chinachem Charitable Foundation.He said the 2002 document "truly reflected the long-held intention on the part of Nina" to leave the money to the Chinachem Charitable Foundation.
By the time she died of cancer in 2007, Mrs Wang had created a huge business empire - a conglomerate of high-rise towers and companies around the world.By the time she died of cancer in 2007, Mrs Wang had created a huge business empire - a conglomerate of high-rise towers and companies around the world.
Her company Chinachem was worth $4.2bn (£2.1bn) when she died.Her company Chinachem was worth $4.2bn (£2.1bn) when she died.