MTR manager loses HK$74 million in bond scam
SCMP · 1 SOURCESabout 3 hours ago1 MIN
Summary
A senior manager at MTR Corporation has reported losing HK$74 million in a long-running investment scam after a fraudster allegedly posed as an HSBC UK employee and promoted supposed green bond investments. Police said the victim, a 59-year-old man, made multiple transfers to overseas accounts before realising he could not recover the money and seeking help
Key Points
- Police said the 59-year-old victim reported being lured by a caller claiming to work for HSBC UK into investing in green bonds
- Following the scammer’s instructions, he made 12 transfers totalling about HK$74 million between February 2024 and January 2026
- The money was sent to designated overseas bank accounts, including an account at Barclays Bank PLC in the United Kingdom
- Police classified the case as obtaining property by deception, and no arrests had been made at the time of reporting
- A police source identified the victim as a senior manager at MTR Corporation and said the Barclays account was used to receive funds
Why It Matters
The case adds to a run of major fraud reports in Hong Kong, where police have also disclosed a separate scam in which a woman lost nearly HK$69 million after callers posed as mainland Chinese officials. It underlines how investment-themed deception and impersonation scams can lead to very large cross-border transfers before victims realise the money cannot be recovered