MTR Corp senior manager conned out of HK$74m by fraudster posing as HSBC UK staff

A senior MTR Corporation manager reportedly lost HK$74 million (approximately US$9.4 million) in a two-year-long fraud orchestrated by a fraudster who posed as an employee of HSBC UK. The victim reported the incident on Friday, and the case has been classified under obtaining property by deception, with no arrests made yet. According to police, the fraudster contacted the victim via phone, impersonating an HSBC UK representative, and persuaded him to invest in green bonds.

Consequently, the victim transferred HK$74 million into various overseas bank accounts, including a Barclays Bank account in the UK, between February 2024 and January 2025. The victim eventually realized he had been scammed, informed the authorities, and reported the case. The fraudster utilized the Barclays Bank account to receive the funds.

Hong Kong has recently faced a string of high-profile scams, including a recent case where a woman lost nearly HK$69 million to fraudsters posing as mainland Chinese officials. The victim was contacted by individuals claiming to be officials, accusing her of a crime and demanding money to clear her name; she transferred around HK$68.9 million in multiple transactions between July 2 and August 1.