38 Hongkongers lose HK$12 million to scammers posing as big banks, finance companies offering low-interest loans


Nearly 40 Hongkongers were conned out of a total of HK$12 million (US$1.5 million) in fraudulent low-interest loans, according to a member of the Democratic Party.

Consumer rights advocate of the party Ramon Yuen Hoi-man revealed 38 people had approached him for help since July, with the victims saying they had fallen prey to fraudsters posing as representatives for financial institutions offering low-interest loans.

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
SCMP , Hong Kong , Scam

Next In Aseanplus News

Ice hockey-Judge declares mistrial in Canadian junior team sexual assault case
Asean News Headlines at 10pm on Friday (April 25, 2025)
China waives tariffs on some US goods, but denies Trump's claim that talks are underway
At the Osaka World Expo, Singapore invites visitors to dream of a better future
Amid global changes, Government will ‘steer Singapore through the storm’: PM Wong
Motor racing-Madrid F1 circuit can be the world's best, says Sainz
Indonesia wants 'fair and square' trade in US tariff talks
MACC seized RM177mil of assets in Q1 of 2025, including from Ismail Sabri probe, says Azam Baki
Indian and Pakistani troops exchange fire in Kashmir; UN urge both countries to show maximum restraint
Thai prime minister Paetongtarn discharged from hospital after high fever

Others Also Read