CEO Accepts Full Responsibility, MTR Widens Probe

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

Related News Programmes

"); });

2018-06-21 HKT 19:27

Share this story

facebook

  • CEO accepts full responsibility, MTR widens probe

The MTR's Chief Executive Lincoln Leong said on Thursday that he will accept full responsibility for any failings on the part of the corporation, as the rail operator announced a new probe relating to the construction of the entire Shatin-Central Link

Speaking after a special board meeting, Leong said the company's 17,000 employees are very professional but if there have been problems with their compliance with rules, this would be looked into.

"But at the end of the day as a chief executive officer of this company, I am responsible, I am accountable as chief executive of the company," he said.

Chairman Fred Ma said it is the duty of the CEO to report any issues to the board, which will decide later whether anyone should be held responsible.

The new probe is to look into the corporation's project management system. A registered structural engineer had already been asked to investigate a safety scare involving the construction of a platform at Hung Hom Station.

The troubled new rail link, which has been delayed and is now the MTR's costliest expansion project to date, has been plagued by controversies in the last few weeks as an array of construction flaws were unearthed one after another.

The dodgy construction at Hung Hom Station was revealed first, followed by a report of a similar issue at To Kwa Wan. Then it was revealed that the future Exhibition Centre Station has also been experiencing trouble with excavation and construction work.

RECENT NEWS

OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers

OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more

Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push

Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more

Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails

Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more

Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion

Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more

Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises

Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more

Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability

Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more