Shiu Kwok-piu, the head of a fraud syndicate, has been charged by the ICAC after evading justice for 20 years. The syndicate, active between 2001 and 2003, defrauded the Housing Authority of over $10 million in interest-free home assistance loans and more than $5 million from three banks by falsifying employment and income information for dummy applicants. Following his return to Hong Kong, Shiu faced four counts of conspiracy to defraud in the Eastern Magistrates’ Courts. The case is part of a larger investigation that previously led to the prosecution of over 30 individuals involved in the scheme.
Resources: https://www.icac.org.hk/en/p/press/index_id_2047.html