HK-based insurance director duped out of RMB3 million

HK-based insurance director duped out of RMB3 million | Insurance Business

HK-based insurance director duped out of RMB3 million
A director for a mainland Chinese insurance company was victimized by a phone scam in Hong Kong, losing around RMB3 million (US$436,000), the second largest amount lost to the racket this year.
 
The 37-year-old insurance director, surnamed Chen, received a phone call in her Hong Kong office on Friday from a man that claimed to be an Immigration department officer and told her that she was involved in a criminal case in mainland China.

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Chen later talked to a second man, who claimed to be an officer with the Exit-Entry Administration Bureau of Shanghai. He demanded that Chen pay RMB6.5 million (US$945,000) to prove her innocence. She gave in to the scammers’ orders but notified the police the following day.
 
Police from the mainland were able to recover half of the money, as the culprits were unable to withdraw the full amount over the weekend. The crime unit of Yau Tsim Mong District is still investigating the case.

In January, a 64-year-old businesswoman based in Hong Kong and Macau was scammed out of HKD12 million (US$1.54 million) using similar tactics.


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