Former Hong Kong headmaster arrested on suspicion of embezzlement over expense claims
- Nip Man, 43, is accused of abusing position of authority to approve claims he allegedly made for establishing school in mainland China
- Investigation shows cash reimbursements involving nearly HK$10.6 million made by suspect between September 2018 and April 2021
A former headmaster of G.T. (Ellen Yeung) College in Hong Kong has been arrested on suspicion of embezzling more than HK$10 million (US$1.28 million) from the school through bogus cash reimbursements, according to a police source.
Nip Man, 43, is accused of abusing his position of authority to approve expense claims he allegedly made for establishing a school in mainland China.
He was detained by crime squad officers for theft in Tseung Kwan O on Wednesday last week before he was released on police bail pending further investigation. Nip, who left the school in May, is required to report back in mid-November.
Police began investigating after receiving a report of embezzlement from the school in May. Staff carrying out an audit check had reported a series of unusual petty cash applications from the suspect.
“The investigation suggested that between September 2018 and April 2021, some cash reimbursements involving nearly HK$10.6 million had been made by the suspect,” the source said on Wednesday.
Nip was accused of using the establishment of a new school on the mainland as an excuse for embezzling funds, which he was said to have done by taking advantage of his position of authority to endorse the reimbursement applications.