Singapore Clamps Down on Foreign Interference Involving South Asians 
The Dark Side of Asia’s ‘Miracle Diet’ 
Thailand Seeks to Revive Its Peninsular White Elephant 
Sixteen people have been arrested in Hong Kong for allegedly using falsified medical certificates claiming loss of working ability or terminal illness to fraudulently withdraw HK$4.3 million (US$548,680) in Mandatory Provident Fund (MPF) savings.
Police said on Thursday that the suspects comprised nine men and seven women, aged 29 to 63, who reported their occupations as chefs, drivers and waiters, among other jobs.
Two of the suspects were allegedly core members of a syndicate running a middleman company, while the rest were MPF account holders.
Advertisement
Superintendent Chu Ming-lun of the commercial crime bureau said the two intermediaries had allegedly recruited and helped MPF members to file fraudulent applications.
All members of the group were arrested on suspicion of conspiracy to defraud.
Advertisement
Police said the two suspected syndicate members had placed ads on social media claiming to offer a safe, compliant and guaranteed way to withdraw MPF funds early.
Don't Miss:
-
China’s space start-ups eye IPO boom as SpaceX heads for record listing
-
China’s BYD claims Germany’s plug-in hybrid crown, disrupting market of iconic auto giants
-
Hacking of Philippine Senate’s website spotlights widening political crisis
-
Fury over Jared Kushner’s Albania resort project threatens to engulf political elite
-
China leads US in everyday AI apps but firms are overvalued, experts say