SME director gets 30 months' jail for HK$102.5m bank loans fraud
ICAC, 20-Aug-2024
The fraud was facilitated by the HK Government's interventionist corporate welfare schemes in which taxpayers guarantee loans to businesses. He was acting for an unnamed "mastermind of the scheme" whom the ICAC does not identify.

• Orgs
  • BANK OF CHINA (HONG KONG) LIMITED
  • CITIBANK (HONG KONG) LIMITED
  • CMB WING LUNG BANK LIMITED
  • DAH SING BANK, LIMITED
  • DBS BANK (HONG KONG) LIMITED
  • HKSAR Trade and Industry Department
  • HONG KONG MORTGAGE CORPORATION LIMITED (THE)
  • HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (THE)
  • INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED
  • MONDEX INTERNATIONAL INDUSTRIES LIMITED
• Topics
  • Government intervention