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  1. Business - Banking & Finance - LOANS

    Mortgages in Hong Kong to drop this year, says consultant

    Posted Sep 19th 2012, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Loans are expected to fall significantly in line with a decline in the number of property sales Mortgages to drop this year, says consultant The number of mortgages in Hong Kong will drop significantly this year following the Hong Kong Monetary Authority's (HKMA) further tightening of home lending, according to mortgage consulting firm mReferral. ...


    Posted Mar 02nd 2012, 12:00am

    ... Last year's population census has revealed that 60 per cent of Hong Kong's 1.2 million households that own and occupy their homes do not pay mortgages. A total of 3.6 million people live in private housing, while the remaining 4.5 million live in public or subsidised housing. Compared with 10 years ago, fewer people are living on Hong Kong Island or in Kowloon, while ...

  3. News - Hong Kong - CRIME

    Boom times for cyber crooks as rising trend in online fraud shows up in Hong Kong

    Posted Nov 13th 2012, 12:00am by Clifford Lo

    ... for cyber crooks as fraud soars The number of commercial e-mail fraud cases rose more than four times in the year to September compared with the same period last year, with victims suffering ... The Commercial Crime Bureau investigated 281 reports of e-mail fraud in the first nine months, up from 67 cases in the same period last year. The total losses incurred rose from HK$14 million to HK$113 ...

  4. Banks turn screws on loans and mortgages

    Posted Nov 24th 2011, 12:00am

    ... Authority, said in Beijing yesterday. 'Mortgage lending declined because property transactions fell while trade financing dropped on slowing trade flow.' Total loans grew by 29 per cent ... sales fell to a six-year low last week after multiple rounds of mortgage rate rises this year as tightened loan supply due to high loan growth and lower Hong Kong dollar deposits sent lending ...

  5. Voucher fraud scandal deepens

    Posted Apr 03rd 2012, 12:00am

    ... have made complaints to police. Police were already investigating over 50 cases of suspected fraud linked to the website. While most of the complaints police received earlier were linked ... said she and 15 others had made complaints to police yesterday. 'We think it's a case of fraud,' she said. 'It wasn't just one restaurant that closed down, but multiple ...

  6. Family of five arrested over Octopus card fraud

    Posted Mar 08th 2012, 12:00am

    ... Clifford Lo clifford.lo@scmp.com A home-made machine used to add value to Octopus cards has been found in a Yuen Long village house, leading to the arrest of a family of five. The discovery in Pat Heung on Tuesday was the first since the Octopus system wa ...

  7. Fraud accused fights extradition

    Posted Feb 05th 2012, 12:00am

    ... Niall Fraser niall.fraser@scmp.com A top accountant who fled to Spain after allegedly fleecing clients of more than HK$91 million has blocked a bid to have him sent back to Hong Kong. Former Grant Thornton partner Gabriel Ricardo Dias-Azedo (pictured) was the subject of nearly 18 months of legal wrangling before the Spanish courts ruled he should be extradited to face fraud ...

  8. City Briefs

    Posted Aug 25th 2005, 12:00am by Staff Reporter

    ... Fraud suspect says he gave rebates to syndicate A worker who admitted to swindling $646,000 in cash rebates from a bank for selling a property worth $2.1 million claimed he gave all but $20,000 to a syndicate. Wong Kin-man, 41, pleaded guilty yesterday to one count of conspiracy to fraud and one count of obtaining pecuniary advantage by deception between February and May 2003. ...

  9. Lawyer jailed 6 years for HK$10.9m mortgage scam

    Posted Dec 09th 2009, 12:00am by Staff Reporter

    ... Loretta Fong A lawyer was jailed for six years yesterday for conspiring to deceive the Industrial and Commercial Bank of China in a mortgage scam in which two loans totalling more than ... in the case, the judge said. The court had heard that ICBC paid out a total of HK$10,978,500 for mortgage loans secured between June 1, 2005, and July 31, 2006, for two flats in Le Sommet in North ...

  10. Judge questions basis of Chan's fraud trial

    Posted Jul 26th 2011, 12:00am

    ... Austin Chiu austin.chiu@scmp.com A judge questioned a basic premise in TVB top executive Stephen Chan Chi-wan's fraud and corruption trial yesterday- whether taking outside jobs behind the broadcaster's back constituted civil liability rather than a criminal offence. Lawyers for Chan argued that the TVB general manager was in fact a victim in the case because he ...




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