Advertisement

Police arrest fifth person in HKMEx scandal

Woman was held at the border while Cheung has resigned from posts at Rusal and AIA

Reading Time:2 minutes
Why you can trust SCMP
Evidence has been seized from HKMEx. Photo: Thomas Yau

Police have arrested a fifth person in its probe into the collapse of Barry Cheung Chun-yuen's Hong Kong Mercantile Exchange (HKMEx).

Advertisement

The latest development came as Cheung resigned from his positions in major businesses - as a board member of Russian aluminium producer United Co Rusal and as an independent non-executive director of AIA Group Limited.

A police spokesman said last night a 35-year-old woman, surnamed Zheng, had been arrested on suspicion of using a false instrument.

It is understood Zheng is from the mainland and was detained trying to cross the border from Hong Kong into the mainland.

A search of HKMEx's board of directors and management team found no one by that surname.

Advertisement

Police charged three men last week with possessing false instruments with intent. They are Dai Linyi, 65; Li Shanrong, 49; and Lian Chunyan, 50.

A 60-year-old man, surnamed Zhu, was arrested last Wednesday on suspicion of possessing false documents.

Advertisement