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33 arrested over HK$150 million fraud involving Hong Kong tech grant schemes

South China Morning PostEN 1 min read 100% complete by Emily HungJanuary 30, 2026 at 02:02 PM
33 arrested over HK$150 million fraud involving Hong Kong tech grant schemes
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Hong Kong's anti-corruption agency (ICAC) arrested 33 individuals this month for allegedly defrauding two government technology funding schemes, the Digital Transformation Support Pilot Programme (DTSPP) and the Technology Voucher Programme (TVP), of over HK$150 million (US$19.2 million). The ICAC dismantled two syndicates comprised of 24 men and nine women, aged 27-66, including a former Cyberport Management Company employee. These syndicates reportedly submitted approximately 1,500 applications, using forged documents and bribery to bypass system controls in order to obtain subsidies. While the syndicates attempted to defraud HK$150 million, the ICAC intercepted HK$120 million. The schemes are overseen by the Cyberport Management Company and the Innovation and Technology Commission.

Key Entities & Roles

Key Player Opposition Context
Technology Voucher Programme (TVP) 70% Digital Transformation Support Pilot Programme (DTSPP) 70% Innovation and Technology Commission 70% Matthew Chang Chor-ming 70% Cyberport Management Company ×280% Independent Commission Against Corruption (ICAC) ×290% Hong Kong ×295%

Keywords

fraud 100% tech grant schemes 90% hong kong 90% anti-corruption 80% funding schemes 70% forged documents 60% bribed 60% technology voucher programme 50% digital transformation support pilot programme 50% arrests 40%

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Negative
Score: -0.40

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Source
South China Morning Post
Classification Confidence
90%
Geographic Perspective
Hong Kong

This article was automatically classified using rule-based analysis.

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fraudtech grant schemeshong konganti-corruptionfunding schemesforged documentsbribedtechnology voucher programmedigital transformation support pilot programmearrests
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