HK pension funds have been in the spotlight since the emigration of more than 140,000 Hong Kong people to Britain. Read more at straitstimes.com.
HONG KONG - Hong Kong’s anti-corruption agency said on Friday 20 people had been arrested suspected of taking bribes to help people apply for early withdrawal of government pension funds with false documents, amid a row over new passports offered by Britain.after 2020 when China imposed a national security law on the former British colony, cracking down on dissent.a British National passport scheme.
The Independent Commission Against Corruption said the mastermind of the false document scheme was an insurance agent who helped a number of Mandatory Provident Fund pension scheme members get their money early.The agent is alleged to have falsely claimed MPF scheme members would permanently leave Hong Kong to live in mainland China by using false documents including proof of employment or residence.
Among the 20 suspects, 10 were MPF scheme members. The ICAC did not identify any of the people arrested but said they had all been released on bail.which was introduced after months of sometimes violent anti-government, pro-democracy protests in Hong Kong, criminalises acts of subversion, terrorism, collusion with foreign forces and secession with possible life imprisonment.
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