Chu Hai College adds defendants in HK$25m fraud suit
SingTao · 1 SOURCESabout 2 hours ago5 MIN
Summary
Chu Hai College said in the High Court on September 18 that it had identified two more people allegedly connected to a civil fraud case involving its former finance director, Yip Kam-chun (葉錦真). The college alleges that Yip and others conspired to divert HK$25.04 million from the institution under the guise of salary payments, autopay transfers and academic expenses. The court had earlier frozen assets worth HK$25.04 million for four original defendants, and on Friday extended an injunction against one newly added defendant until October 16.
Key Points
- The plaintiff is Chu Hai College of Higher Education Limited, which filed High Court action HCA988/2026 over alleged conspiracy to defraud and breach of fiduciary and trust duties.
- The four original defendants are Yip Kam-chun, Ho Chung-ling, Thousand Well Engineering Design Limited, and Ng Ka-man, with Yip's wife Ng also named.
- The college alleges HK$17.3 million involved Yip, HK$3.81 million involved Ho, HK$3.92 million involved Thousand Well, and HK$2.46 million involved Yip and Ng.
- After tracing the disputed funds, the college told the court it had added Chan Man-dik (陳文迪, transliterated) and a person identified as Y.Y.P. as defendants.
- The court had already granted asset-freezing and asset-disclosure orders against the original four defendants, each barred from dealing with assets up to HK$25.04 million.
Why It Matters
The case shows how a higher-education institution is using civil proceedings, asset tracing and injunctions to try to recover allegedly diverted money while parallel criminal allegations remain in the background. For Hong Kong readers, the court's willingness to extend freezing relief suggests the dispute is moving beyond the initial arrests into a broader effort to identify where the funds went.