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Hong Kong college finance chief, wife and contractor held over HK$41m theft

Hong Kong college finance chief, wife and contractor held over HK$41m theft
South China Morning Post Wednesday 12 August 2026, 13:41 UTC By Brian Wong 1 min read
Key Points

The finance director of a private college in Hong Kong has been remanded in custody on suspicion of embezzling HK$41 million (US$5.2 million) over three years, with his wife and an engineering contractor also denied bail for allegedly handling the illicit proceeds. Ray Yip Kam-chun, 49, appeared in Tuen Mun Court on Wednesday to face a count of theft for allegedly stealing from Hong Kong Chu Hai College in Tuen Mun between December 23, 2022, and January 7 this year. His wife, Ng Ka-man, 49,...

The finance director of a private college in Hong Kong has been remanded in custody on suspicion of embezzling HK$41 million (US$5.2 million) over three years, with his wife and an engineering contractor also denied bail for allegedly handling the illicit proceeds. Ray Yip Kam-chun, 49, appeared in Tuen Mun Court on Wednesday to face a count of theft for allegedly stealing from Hong Kong Chu Hai College in Tuen Mun between December 23, 2022, and January 7 this year. His wife, Ng Ka-man, 49, and...
Hong Kong (LOCATION) HK$41 (LOCATION) Ray Yip Kam-chun (PERSON) Tuen Mun Court (PERSON) Tuen Mun (PERSON) Ng Ka-man (PERSON)
Originally published by South China Morning Post Read original →

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