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Hong Kong bank staff among 32 arrested in HK$140 million loan scam case

A total of 32 people, including more than a dozen frontline bank staff, have been arrested in a joint operation by Hong Kong’s anti-corruption agency and police for scamming HK$140 million (US$18 million) in government-backed preferential loans. The operation, code-named Momentum, discovered bribes totalling HK$500,000 were paid to 13 frontline employees across 10 banks, principal investigator Grace Yee Hin-lai of the Independent Commission Against Corruption said on Friday. She said seven...


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