South China Morning Post
AsiaPac · 4 hrs ago
✦ 78✓ Factual
Hong Kong college sues finance head, director and firm over alleged HK$25m fraud
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Quality 78/100
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Low partisan intensity — consistent with factual reporting✓ Fair headline
Hong Kong Chu Hai College has filed a High Court lawsuit against its finance director Ray Yip Kam-chun, director Ho Chung-ling, and Rivers Design Engineering, alleging they embezzled over HK$25 million by disguising fraudulent transfers as legitimate academic and administrative expenses.
Hong Kong college sues finance head, director and firm over alleged HK$25m fraud
Hong Kong Chu Hai College has sued its finance head, along with a company and its director, for allegedly embezzling over HK$25 million (US$3.19 million) by disguising the transfers as academic and administrative expenses.
The private institution filed the lawsuit in the High Court on Monday to reclaim what it said were misappropriated funds transferred to finance director Ray Yip Kam‑chun, Ho Chung-ling and Rivers Design Engineering “under the guise of payroll, autopay and academic...
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