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Tag: African Development Funding

Former Standard Chartered bank staff jailed over HK$28m Africa investment scam

    Former Standard Chartered bank staff jailed over HK$28m Africa investment scam

    2 months ago02 mins

    Two former relationship managers at Standard Chartered Bank in Hong Kong have been jailed for three years for swindling HK$28 million (US$3.6 million) from 21 Japanese investors who believed their money would fund development projects in Africa. The District Court on Thursday sentenced Woo Man-ho and Chan Tak-ching on a total of four counts of…

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