By South China Morning Post | Created at 2026-09-01 04:46:38 | Updated at 2026-09-01 05:22:18
43 minutes ago
Wang Fuk Court residents allegedly obtained more than HK$330,000 in government-backed loans by overstating drop in revenue of their business
Published: 12:39pm, 1 Sep 2026
A couple who survived the deadly Tai Po blaze last year have been barred from leaving Hong Kong pending trial for allegedly obtaining more than HK$330,000 (US$42,000) in government-guaranteed loans by overstating the decline in revenue of their decoration business.
Former Wang Fuk Court residents Jason Kong Cheung-fat, 65, and Rosanna Cheung Yeuk-lan, 62, appeared in Sha Tin Court on Tuesday to face two counts of fraud and one of money laundering.
The couple were not required to enter a plea as prosecutors applied a five-week adjournment to prepare the necessary paperwork to transfer the case to the District Court for trial.
According to a charge sheet available for press viewing, the defendants misrepresented to HSBC the decline in sales of Ace Interior Design & Engineering Company, of which they are directors, to support two applications under the 100 per cent Personal Loan Guarantee Scheme between February 8 and June 30, 2022.
The scheme was a relief measure introduced in 2020 to provide fully government-guaranteed loans to companies struggling to stay afloat during the Covid-19 pandemic.
Prosecutors also accused the couple of laundering the HK$331,300 they dishonestly obtained between April 4 and July 25 that year.
