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Cannix Yau

A senior manager at Hong Kong rail giant the MTR Corporation was allegedly conned out of HK$74 million (US$9.4 million) in a two-year-long scam by a fraudster posing as an employee of HSBC UK who lured the victim into investing in green bonds.
Police said on Friday that a 59-year-old man had reported that he had been scammed. The case has been classified as obtaining property by deception, and no arrests have been made.
“The victim said he received a phone call from a scammer claiming to be an HSBC UK employee, who lured him into investing in green bonds,” the force said.
Following the scammer’s instructions, the victim made 12 transfers totalling about HK$74 million to designated overseas bank accounts – including an account at Barclays Bank in the United Kingdom – between February 2024 and January this year.
“The victim subsequently failed to recover the funds, suspected he had been scammed, and reported the case,” police said.

A source said the victim was a senior manager at the MTR Corp and that the scammer had used the Barclays Bank account to receive the money.
Hong Kong has recently been hit by a series of high-profile scams. Last month, a woman lost nearly HK$69 million in a month-long fraud in which scammers posed as mainland Chinese officials.
The 43-year-old woman received calls from people claiming to be mainland officers, who accused her of committing a crime and demanded money to prove her innocence.
The victim transferred about HK$68.9 million to designated bank accounts in multiple transactions between July 2 and August 1.


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Crime in Hong Kong

MTR Corp senior manager conned out of HK$74m by fraudster posing as HSBC UK staff

Hong Kong police are investigating after a 59-year-old man was allegedly duped into investing HK$74 million in green bonds. Photo: Getty Images

The alleged victim, a senior manager at the MTR Corporation, made a series of transfers over two years between February 2024 and January 2026. Photo: Edmond So

Hong Kong woman loses HK$69m to scammers posing as mainland Chinese officials

A 43-year-old Hong Kong woman was scammed out of HK$69 million by fraudsters posing as mainland Chinese officials. Photo: Getty Images

Hong Kong student arrested over HK$3m scam deceived by same swindlers

A fake identity document for a mainland law enforcement official was among items seized. Photo: Handout

Inspector Wu Kwan-yu. Photo: Handout

News

Hong Kong

Law and Crime

Hong Kong police investigating case in which man, 59, was allegedly duped into sham green bond investment scheme over two years


Hong Kong police investigating case in which man, 59, was allegedly duped into sham green bond investment scheme over two years.


China

Britain

MTR Corporation

HSBC

MTR Corp senior manager conned out of HK$74m by fraudster posing as HSBC UK staff

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Hong Kong police investigating case in which man, 59, was allegedly duped into sham green bond investment scheme over two years

Hong Kong police investigating case in which man, 59, was allegedly duped into sham green bond investment scheme over two years