{"id":848074,"date":"2025-05-13T21:13:26","date_gmt":"2025-05-14T02:13:26","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/13\/six-held-over-alleged-hk20m-scam-of-covid-rescue-fund\/"},"modified":"2025-05-13T21:13:26","modified_gmt":"2025-05-14T02:13:26","slug":"six-held-over-alleged-hk20m-scam-of-covid-rescue-fund","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/13\/six-held-over-alleged-hk20m-scam-of-covid-rescue-fund\/","title":{"rendered":"Six held over alleged HK$20m scam of Covid rescue fund"},"content":{"rendered":"<div>\n<p>\n\t\t\tSix people have been arrested on Thursday on suspicion of fraudulently obtaining more than HK$20 million from a government fund set up to help businesses during the Covid-19 pandemic. <\/p>\n<p>\nThe six are three men and three women, aged between 20 and 45 years old, who are associated with four companies in the logistics, technology and media sectors.<\/p>\n<p>\nThey include a married couple, while the others are directors or employees of the companies involved.<\/p>\n<p>\nMok Lai-king, chief inspector at the commercial crime bureau, said the suspects had obtained the loans under the &#8220;Special 100% Loan Guarantee Scheme&#8221;, which was introduced in 2020 to alleviate the financial pressure faced by the city&#8217;s small and medium-sized enterprises.<\/p>\n<p>\nSenior inspector Choy Kin-hang said the force will continue to follow the money trail.<\/p>\n<p>\nUnder the scheme, companies were allowed to borrow up to HK$9 million, provided their sales revenue for a specific month had decreased by at least 30 percent compared with the average of the previous three months.<\/p>\n<p>\nThe force also seized a number of bank documents, bank cards, checkbooks and mobile phones as well as electronic devices.\t\t<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.rthk.hk\/rthk\/en\/component\/k2\/1800804-20250417.htm\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Six people have been arrested on Thursday on suspicion of fraudulently obtaining more than HK$20 million from a government fund set up to help businesses during the Covid-19 pandemic. The six are three men and three women, aged between 20 and 45 years old, who are associated with four companies in the logistics, technology and<\/p>\n","protected":false},"author":1,"featured_media":848075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[337,32379],"tags":[7379,42563],"class_list":{"0":"post-848074","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-alleged","8":"category-covid","9":"tag-alleged","10":"tag-covid"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/848074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=848074"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/848074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/848075"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=848074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=848074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=848074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}