HK$50 million charity fraud case a ‘misunderstanding’, Hong Kong subsidiary supervisor says
- Christian Zheng Sheng College owes parent Christian Zheng Sheng Association HK$40 million, supervisor Chui Hong-sheung says
- One of four charity directors arrested so far calls on three other suspects on the run for alleged theft of HK$50 million to return to Hong Kong to clear names
A HK$50 million (US$6.4 million) fraud case involving a Christian charity was a “misunderstanding”, a supervisor of its subsidiary on Friday said, while one of those arrested in the case urged other suspects to return to Hong Kong to clear their names.
Chui Hong-sheung, supervisor of the Christian Zheng Sheng College, told local media it had borrowed money from parent organisation Christian Zheng Sheng Association.
The college at present owes the association HK$40 million, according to Chui.
But he did not further explain why some of the money was transferred to three personal accounts, which police on Thursday said were set up by the implicated principal and directors.
The case affected the public’s willingness to make donations, Chui said, adding money raised would also be frozen.
