Story perspectives

Eight Arrested in HK Subsidy Fraud Scheme

1/10/2026

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Summary

Story summary

Eight people were arrested in Hong Kong on suspicion of defrauding HK$8.24 million from a government subsidy scheme.
The suspects, including five family members aged 33 to 78, allegedly ran a fraudulent syndicate targeting the New Industrialisation and Technology Training Programme from 2022 to 2024.
Assistant District Commander Chen Chi-cheong said the group formed companies with no real operations, signaling a systematic misappropriation of public funds intended for innovation.

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Story summary

Eight people were arrested in Hong Kong on suspicion of defrauding HK$8.24 million from a government subsidy scheme.
The suspects, including five family members aged 33 to 78, allegedly ran a fraudulent syndicate targeting the New Industrialisation and Technology Training Programme from 2022 to 2024.
Assistant District Commander Chen Chi-cheong said the group formed companies with no real operations, signaling a systematic misappropriation of public funds intended for innovation.