Cake Shop Boss Arrested Over Chain's Sudden Closure

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-09-22 HKT 15:56

Share this story

facebook

  • Customs officers say they have received 104 complaints regarding Crostini's closure. File photo: RTHK

    Customs officers say they have received 104 complaints regarding Crostini's closure. File photo: RTHK

Customs officers on Thursday said they had arrested a director of the cake shop chain Crostini which closed down without warning last week, leaving some customers with prepaid coupons they can't redeem.

A man, 55, was arrested on suspicion of violating the Trade Descriptions Ordinance and has since been granted bail pending further investigations.

"After investigation, it was revealed that customers who had purchased cake coupons or gift vouchers were unable to redeem the products concerned nor receive any refund of payments after the bakery chain suddenly announced that it had suspended its business. Customs officers therefore arrested a 55-year-old male director of the bakery chain today," a statement said.

Officers said they had received 104 complaints about the bakery chain, involving coupons and vouchers worth a total of around HK$270,000.

Lui Ngai-kuen, deputy head of the Customs and Excise Department, said one customer was owed products to the tune of HK$17,500.

Crostini earlier cited a downturn in business due to the pandemic for its decision to stop trading.

RECENT NEWS

SBI VC Trade Launches USDC Lending Service For Retail Investors In Japan

SBI VC Trade, the digital asset arm of SBI Holdings, is launching a USDC lending product that provides regulated access... Read more

Japan-Indonesia QRIS Payments Now Fully Enabled For Cross-Border Use

Bank Indonesia (BI) has confirmed that Japanese visitors to Indonesia can now use QRIS (Quick Response Code Indonesian ... Read more

Crypto.com Partners With KG Inicis To Enable Digital Asset Payments In South Korea

Crypto.com has partnered with KG Inicis, Payment Gateway (PG) and Value Added Network (VAN) provider in South Korea, to... Read more

Bithumb Faces Record 36 Billion Won Penalty Over AML Breaches

Bithumb will face a six-month partial business suspension and a 36.8 billion won (around US$28 million) penalty over re... Read more

Ant Group Nears China Approval To Complete HK$2.8 Billion Bright Smart Deal

Ant Group is nearing the completion of its acquisition of Bright Smart Securities & Commodities Group, a deal first... Read more

FWD Group Announces New CFO, Group Chief Actuary And Thailand CEO

FWD Group has announced several senior leadership appointments. David Junius will join the company as Managing Director... Read more