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HK businessman charged over HK$6 million Covid-19 loan fraud scheme
The charges include conspiracy to defraud and money laundering tied to alleged misuse of the SME Financing Guarantee Scheme.
Hong Kong businessman Jason Poon Chuk-hung and his wife were charged over an alleged scheme to defraud a government business financing program out of HK$6 million during the Covid-19 pandemic, the South China Morning Post reports.
SCMP says construction businessman Poon, 56, and his 54-year-old wife were both out on bail, and were charged with conspiracy to defraud and money laundering. The outlet adds that they were due to appear at Kowloon Court on Monday.
According to SCMP, Poon, a director of mask manufacturer Lockill Biochemical, his wife Chu Shui-fong, and four company employees were arrested in March.
SCMP also notes that earlier police intelligence suggested a surgical mask manufacturer allegedly defrauded HSBC out of HK$6 million via the SME Financing Guarantee Scheme during the pandemic.