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Hong Kong college sues finance head, director and firm over alleged HK$25m fraud
Hong Kong college sues finance head, director and firm over alleged HK$25m fraud Hong Kong Chu Hai College claims misappropriated funds transferred to finance director Ray Yip, Ho Chung-ling and Rivers Design Engineering Hong Kong Chu Hai College has sued its finance head, along with a company and its director, for allegedly embezzling over HK$25 million (US$3.19 million) by disguising the transfers as academic and administrative expenses. The private institution filed the lawsuit in the...