01/11/2014 15:56 GMT | Updated 01/11/2014 15:59 GMT

Hong Kong Deaths: 'British Banker Arrested After Two Sex Workers Found Dead'

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A British man has been arrested over a double murder in Hong Kong.

Police in the former UK colony said a 29-year-old man was held after the bodies of two women were found at an address in the Wan Chai district.

One of the women - aged between 25 and 30 - was found with wounds to her neck and buttock, and pronounced dead at the scene.

The body of the other victim was found inside a suitcase on the balcony and she had sustained neck injuries, police said.

“She was nearly decapitated and her hands and legs were bound with ropes. She was naked and wrapped in a towel before being stuffed into the luggage,” according to local reports.

Reports have alleged that the man works at a bank in the UK.

The Briton, who has not been named, was said by The South China Morning Post to work for a “top-tier global bank”.

The Mirror reported that it is believed that both women were sex workers and were apparently killed days apart.

A Foreign Office spokeswoman said: "We can confirm that a British national has been arrested in Hong Kong.

"We are in touch with the local police and stand ready to provide consular assistance."

Officers were called to the address - reportedly an apartment - in the early hours and later seized a knife.

A statement from Hong Kong Police said: "Police are investigating a murder case in Wan Chai in the small hours of today (November 1) in which a foreign woman aged between 25 and 30, and another woman were killed.

"At about 3.42am, a 29-year-old foreign man made a report and requested police to investigate a case in a unit at 60 Johnston Road, Wan Chai.

"Police sped to the scene and an unconscious woman aged 25 to 30 was found lying inside the unit. Sustaining cut wounds to her neck and buttock, the woman was certified dead at scene.

"In the course of investigation, police found a suitcase at the balcony of the unit, and a female dead body with neck injuries was found inside the suitcase.

"Police arrested the 29-year-old man at the scene for murder. He is being detained for enquiries. A knife was seized at the scene.

"Post-mortem examinations will be conducted later to ascertain the causes of death of the deceased."