Pan Cheuk-hung and wife charged over HK$6 million loan
HK01 · 3 SOURCESabout 2 hours ago4 MIN
Summary
Police said on September 25 that a 56-year-old man surnamed Pan and a 54-year-old woman surnamed Chu had each been charged with one count of fraud, while the pair also face a total of four counts of money laundering, with the case set for mention on September 28 at Kowloon City Magistrates’ Courts. The defendants are understood to be businessman Pan Cheuk-hung (潘焯鴻) and his wife Chu Shui-fong (朱瑞芳), who were arrested in March together with four employees linked to the company under investigation.
Key Points
- Police said six suspects, aged 31 to 56, were arrested on March 18 in Kowloon City, Tsuen Wan, Kwai Chung, Tsim Sha Tsui and at the airport.
- Investigators alleged the suspects submitted false sales figures and inflated salary records during loan applications made between April and June 2021.
- Sing Tao reported the company also used false turnover, rent and payroll records to secure the maximum HK$6 million loan from a bank.
- After the loan was approved, the money was allegedly transferred into personal accounts, including those of Pan and his wife.
- The case is being handled by the West Kowloon Regional Crime Unit, Team 5A, and will be heard on the morning of September 28.
Why It Matters
The prosecution moves the case from arrest to court proceedings after roughly six months, bringing a high-profile defendant into the criminal process over alleged abuse of a pandemic-era relief scheme. The September 28 hearing is expected to clarify the formal allegations against the couple and the next procedural steps in the case.