Hong Kong college finance chief, wife and contractor held over HK$41m theft
The finance director of a private college in Hong Kong has been remanded in custody on suspicion of embezzling HK$41 million (US$5.2 million) over three years, with his wife and an engineering contractor also denied bail for allegedly handling the illicit proceeds. Ray Yip Kam-chun, 49, appeared in Tuen Mun Court on Wednesday to face a count of theft for allegedly stealing from Hong Kong Chu Hai…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
