Kidnapping and Death in Absentia
Wang was abducted on 12 April 1983, when his Mercedes was hijacked. He was taken away and chained to a bed for eight days until Nina Wang paid a ransom of 33 million Hong Kong dollars.
Wang was kidnapped again for a second time on 10 April 1990 as he left the Jockey Club in Hong Kong, at the age of 57. His abductors demanded HK$60 million. His wife Nina Wang paid an installment of 34 million Hong Kong dollars, but Wang was not returned. Several of the alleged kidnappers were caught and said that the 57-year-old Wang had been thrown into the sea from the sampan—a small Chinese boat—where he was held. His body was never found and he was declared legally dead in 1999. Wang's will was disputed by Nina Wang, the eventual chief beneficiary.
Read more about this topic: Teddy Wang
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