College denies covering up alleged HK$700,000 fraud case
Confidential HKIEd report details management 'weaknesses' which allowed a former boss to allegedly defraud students of HK$700,000
An alleged HK$700,000 fraud at the Hong Kong Institute of Education is under investigation without ever having been made public.
The case, in which a hostel manager at the teacher training college is alleged to have pocketed hall fees paid by students, has shown up management weaknesses at the institute's four hostels, according to a confidential internal college report seen by the South China Morning Post.
According to the report, the manager had been in debt for years and had attempted to borrow money from various staff.
He had also recently thrown an expensive wedding banquet.
The alleged fraud, discovered in February after the suspect had left his post at the college, was not reported to the institute council until June.
The college said it had been reported to police but refused to say when. Contacted by the Post, police said they could not comment without relevant case reference details, which the institute has also refused to disclose.