Hong Kong officials challenge claims charity-run school closed over frozen bank accounts
- Security Bureau condemns ex-school leaders after Christian Zheng Sheng College says will close after accounts frozen in fraud probe
A war of words surrounding a HK$50 million (US$6.4 million) fraud case involving Hong Kong drug rehabilitation centre Christian Zheng Sheng College has escalated after authorities condemned two fugitive leaders over the institution’s demise.
The Security Bureau again slammed the pair – founder Jacob Lam Hay-sing and principal Alman Chan Siu-cheuk – for failing to change the authorisation details for the school’s bank accounts so it could continue to operate.
The college, founded in 1985 at Ha Keng on Lantau Island, is run by a charity, the Zheng Sheng Association, which also said on Saturday the pair had resigned as directors of the organisation on April 12.
The bureau said: “The government urged the pair to return to Hong Kong as soon as possible to facilitate the [fraud] investigation and repay the embezzled funds to the college.”
Founder Lam has moved to the United States and principal Chan emigrated to Britain, the Post learned earlier.