Three Remanded in Hong Kong Chu Hai College Funds Case
SingTao · 2 SOURCESabout 1 hour ago2 MIN
Summary
Three defendants, including the then finance director of Hong Kong Chu Hai College, appeared at Tuen Mun Magistrates’ Courts over an alleged theft of about HK$41.01 million from the college and related money-laundering transactions. Acting Principal Magistrate Tang Siu-hung adjourned the case to November 4, with all three remanded in custody in the meantime
Key Points
- Yip Kam-chun, 49, identified as the then finance director of Hong Kong Chu Hai College, faces one theft charge over about HK$41,010,847 allegedly taken from the college.
- The theft charge alleges the money was stolen at the college’s campus at 80 Castle Peak Road, Castle Peak Bay, Tuen Mun, between December 23, 2022 and January 7, 2026.
- Ho Chung-ling, 50, a businessman, faces nine money-laundering charges involving about HK$57,894,895.63 allegedly handled through personal and company bank accounts between January 2, 2023 and June 3, 2026.
- The accounts named in Ho’s charges include those linked to First One Technology, Qianhui Engineering Design and Qianhui Holdings at Bank of China, Mox Bank, China Construction Bank, HSBC, Ant Bank and Bank of Communications
- Ng Ka-man, 49, a housewife and identified by HK01 as Yip’s wife, faces six money-laundering charges involving about HK$84,717,362.06 allegedly handled through personal and San Ding Group accounts between January 1, 2023 and April 30, 2026.
Why It Matters
The case centres on alleged misuse of funds at a Hong Kong tertiary institution and unusually large sums said to have moved through multiple personal and corporate accounts. The next hearing on November 4 will be a key point for how prosecutors set out the alleged money trail and the defendants’ roles