Attempted murder charge stayed against Billy Ly

Billy Ly was accused of trying to kill suspected rival Nick Chan who was sitting in his car after shopping at Community Natural Foods on 10th Avenue S.W. when he was stabbed several times.

Ly was accused of trying to kill suspected rival Nick Chan

Nick Chan (Handout)

Two days after the trial began, the prosecution has stayed the attempted murder charge against Billy Ly.

Ly, believed to be a rival with ties to the FK gang, was accused of trying to kill Nick Chan — the suspected leader of the FOB gang.

"In spite of a thorough and detailed investigation, the evidence provided no reasonable expectation of guilt.  Mr. Ly has always maintained his innocence," said his lawyer Hersh Wolch.

Crown prosecutor Robert Sigurdson said the delay in getting the case to trial can negatively impact the Crown's case.

"It is three years since the offence occurred," he said. "Witnesses are testifying about events that in some cases occurred within about 10 seconds of time."

Ly was remanded into custody. He faces conspiracy to commit murder charges for allegedly plotting to kill the notorious B.C. Bacon brothers who led the Red Scorpion gang. 

Stayed charges can be brought back within a year.