Page last updated at 08:56 GMT, Friday, 5 February 2010

Feng shui master bailed over Nina Wang will 'fraud'

Tony Chan in Hong Kong (2 Feb 2010)
Tony Chan had claimed Nina Wang left her entire fortune to him

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.

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.

He was arrested on Wednesday after police searched his home in the upmarket Peak area of Hong Kong.

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.

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.

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.

Her company Chinachem was worth $4.2bn (£2.1bn) when she died.

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