Hong Kong's Triad Police Probe Attacks on New World

July 6 (Bloomberg) -- Hong Kong's anti-organized crime police are investigating attacks on properties of billionaire Cheng Yu-tung's New World Development Co. and its affiliates, including the ramming of a car into the group's headquarters.

Those behind the attacks ``are challenging the government as well as the police,'' Ambrose Lee, the city's secretary for security, said late yesterday. The police organized crime and triad bureau is investigating.

``The triads want to challenge the police openly,'' Cheng, New World's chairman, said in an interview on Hong Kong's Cable Television news channel today. ``I haven't offended anyone and no one ever blackmailed me.'' His company is Hong Kong's sixth- largest developer by market value, and also invests in public works, transport and telecommunication.