A 62-year-old local businessman was arrested on Saturday for allegedly cheating another local man out of HK$12 million in 2014, a Judiciary Police (PJ) spokesperson said yesterday.
The spokesperson announced the case during a regular press briefing.
According to the spokesperson, the victim went to the police on April 25, alleging that the suspect had given him six cheques over several months in the latter half of 2015 in repayment of a loan of HK$12 million he made to the suspect in 2014, all of which bounced.
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