Nineteen Arrested Over Alleged Travel Subsidy Fraud

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

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1586950_1_20210421180234.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1586950-20210421.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1586950-20210421.htm', 'DCS.dcsqry', '' ); } } }); }); });

2021-04-21 HKT 17:30

Share this story

facebook

  • Travel firms could get subsidies of up to HK$200,000 for organising green tours. File photo: RTHK

    Travel firms could get subsidies of up to HK$200,000 for organising green tours. File photo: RTHK

Police said on Wednesday they had arrested 19 people for allegedly trying to cheat almost HK$3 million out of a pandemic subsidy scheme for the travel industry, using fake receipts.

The alleged fraud involved 15 local travel firms that police said are small in scale and have operated for between two and 20 years. Fourteen of the suspects are directors and the rest are staff.

Under the scheme introduced last year, companies that operated local green tours could receive up to HK$200,000, once the Travel Industry Council (TIC) approved their applications.

The government had hoped the Green Lifestyle Local Tour Incentive Scheme could boost local tourism and help other related trades.

In the end, detectives said the TIC only granted one firm HK$50,000 last October and rejected the rest after suspecting the receipts submitted were fake.

"The TIC contacted the relevant restaurants, coach or insurance companies while it was going through the applications and they were told that that the receipts were fake", said chief inspector Lo Yin-lam.

Lo said the force believes the travel firms involved in the case did not organise the green tours at all, as some of the restaurants people had supposedly visited didn't even exist.

Officials said investigations were continuing and more people could be arrested.

RECENT NEWS

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