Hong Kong pet shop owner arrested for alleged theft of 35 cats to repay loan
The 35 cats had an estimated value of HK$623,000, source says
A Hong Kong pet shop owner has been arrested for the alleged theft of 35 of his customers’ cats which he used to repay debts to a loan company, with the felines estimated to be valued at more than HK$623,000 (US$79,870), the Post has learned.
The owner, surnamed Chan, 44, had a shop in Hung Hom, which also offered consignment and pet-sitting services, a source said on Thursday.
The source said Chan took out a loan of HK$210,000 from a company in August last year. The firm demanded repayment on Monday but Chan, who could not pay, proposed offering the cats from two customers to cover part of the debt, the source said.
The proposal was accepted by the company staff, who later took away the cats.
Three Bengal cats, valued at HK$150,000, and 32 British Shorthairs and Ragdolls, valued at HK$473,300, were given away.
The Bengal cats were owned by a woman, 57, who requested a pet-sitting service at the shop. The other cats belonged to a man, 54, who asked for a consignment service.