MTR Corp senior manager conned out of HK$74m by fraudster posing as HSBC UK staff
A senior manager at the MTR Corporation has been conned out of HK$74 million (US$9.4 million) in a two year-long scam by a fraudster posing as an employee of HSBC UK, who lured the victim into investing in green bonds. Police said they had received a report from a 59-year-old man who alleged that he had been scammed. The case has been classified as obtaining property by deception, and no arrests…
A senior MTR Corporation manager in Hong Kong reportedly lost HK$74 million (US$9.4 million) in a multi-year scam orchestrated by a fraudster impersonating an HSBC UK staff member. The victim, aged 59, informed police that he fell prey to the scam, which involved receiving a phone call from someone claiming to be an employee of the UK-based bank.
The fraudster allegedly enticed the victim into investing in green bonds, prompting the victim to make 12 transfers of approximately HK$74 million to various overseas bank accounts, including one at Barclays Bank in the UK, between February 2024 and January 2025. The victim later realized he had been scammed and reported the incident.
Police classified the case as obtaining property through deception and have not yet made any arrests. This incident is part of a series of high-profile scams in Hong Kong, including a recent case where a woman lost nearly HK$69 million following a month-long fraud where scammers feigned to be mainland Chinese officials demanding money to clear accusations.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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