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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 empire | Profitable empire |
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. |
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