Ex-CEO of Hong Kong listed firm arrested for allegedly stealing, auctioning HK$25 million worth of wine

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…


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