Rivers Design Engineering – Charm

Hong Kong Chu Hai College is located in Tuen Mun. Photo: Handout

Hong Kong college finance chief, wife and contractor held over HK$41m theft

1 month ago02 mins

The finance director of a private college in Hong Kong has been remanded in custody on suspicion of embezzling HK$41 million (US$5.2 million) over three years, with his wife and an engineering contractor also denied bail for allegedly handling the illicit proceeds. Ray Yip Kam-chun, 49, appeared in Tuen Mun Court on Wednesday to face…

Hong Kong college sues finance head, director and firm over alleged HK$25m fraud

3 months ago02 mins

Hong Kong Chu Hai College has sued its finance head, along with a company and its director, for allegedly embezzling more than 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…