Family Of Three Jailed For HK$40mn Bonjour Fraud
"); jQuery("#212 h3").html("

"); });
2019-03-27 HKT 16:41
A couple and their son have been sentenced to between six-and-a-half and 11 years in prison after being convicted of defrauding the cosmetics retailer Bonjour out of HK$40 million.
The High Court heard how Kiu Mei-ling, a human resources manager for the firm, and her son Ha Ting-pong, who was a deputy manager, channelled money into their personal accounts by inflating the salaries of current or former staff, as well as using other people's identities.
Some HK$27 million was also transferred to Kiu's husband, Ha Wai-shing, even though he had never worked for the company.
The trio began their scam in 2004 and it only came to light in March 2011 when another company manager noticed that a new member of staff appeared to be paid unusually well.
In sentencing, deputy judge Michael Lunn said the defendants lacked integrity and they had betrayed the company's trust.
The police welcomed the ruling, saying the jail sentences pose a strong deterrent effect.
Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access
Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more
HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site
The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more
Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects
The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more
Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China
At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more
HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus
The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more
How Gaming Giants Are Redefining The Experience Of Paying
Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more
