Ex-policeman Spared Jail Over Housing Benefit Fraud
"); jQuery("#212 h3").html("

"); });
2021-02-11 HKT 20:52
A former police officer was given a suspended jail sentence on Thursday after pleading guilty to making a fraudulent housing benefit claim, allowing him to stay in the police quarters for 15 years.
Lee Tak-ming was found to have lied about his marital status and failed to declare that he had been divorced in 2005, which would make him ineligible to live in his Tsuen Wan quarters.
He remained in his flat until he left the force last July.
At a hearing at West Kowloon Magistracy, the defence said in mitigation that Lee failed to declare that he was divorced because he couldn't forget his former wife, who used to live there with him.
The defence also said he has shown symptoms of depression and is on medication.
Principal Magistrate Peter Law handed down a four-month jail term, suspended for one year.
He also told Lee to put his failed marriage behind him.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more
