Executive scammed $74mn in overseas green bond fraud

A man loses 74 million Hong Kong dollars after falling prey to a scam in which the fraudster posed as an overseas bank employee and lured him into investing in non-local green bonds.

According to the police, the 59-year-old claimed he received a call years ago from the fraudster.

Between February 2024 and January 2026, the victim made 12 transfers totalling approximately 74 million Hong Kong dollars to designated overseas bank accounts provided by the scammer.

Suspecting he had been defrauded after failing to retrieve his funds, he reported the case to the police last Wednesday.

The case is being followed up by the Wong Tai Sin District Crime Squad.

No arrests have been made so far.