Hong Kong banker nabbed at airport on gun charge

27th May 2011, Comments 0 comments

Police arrested a Hong Kong-based Deutsche Bank executive at the city's international airport last week for allegedly carrying an unlicensed firearm, a report said Friday.

Citing unnamed sources, Dow Jones Newswires said the May 18 incident involved Shen Yan -- the head of the bank's North Asian institutional client group -- who was released on bail two days later.

Police on Friday confirmed they arrested a 43-year-old man for possession of arms without a licence at Hong Kong's main airport, but declined to confirm his identity. The case has been adjourned to June 30, police said.

"That is the only information we can give out at this time," a police spokeswoman told AFP.

It was unclear what type of gun the banker was allegedly carrying or whether he was trying to board a plane when he was stopped.

A Deutsche Bank spokesman in Hong Kong said Yan was on leave.

"This is a personal matter for Mr Yan who is on administrative leave from the bank," the spokesman said.

Yan, who could not be reached for comment, was reportedly involved in selling global market products in north Asia to financial institutions, insurance companies, pension funds, asset management firms and hedge funds.

© 2011 AFP

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