Hong Kong businessman Jason Poon, 5 others arrested in HK$6 million fraud case

South China Morning PostCenter-RightEN 1 min read 100% complete by Jess MaMarch 19, 2026 at 05:28 AM

AI Summary

short article 1 min

Hong Kong businessman Jason Poon, his wife, and four employees were arrested on Wednesday for allegedly defrauding a government enterprise financing scheme of HK$6 million. The arrests stem from a police investigation into a surgical mask manufacturer suspected of defrauding HSBC through the SME Financing Guarantee Scheme between April and June 2021. Poon, a director of the company, and the others are accused of submitting falsified sales and salary records to meet the scheme's application requirements. The scheme, designed to assist businesses during the pandemic, offered a 100% loan guarantee to ease cash flow issues related to wages and rent. The investigation is ongoing.

Key Entities & Roles

Key Player Opposition Context

South China Morning Post 60% HSBC 70% SME Financing Guarantee Scheme 70% Hong Kong 80% Jason Poon Cheuk-hung ×290%

Keywords

fraud 100% enterprise financing scheme 90% hong kong 80% jason poon 70% covid-19 pandemic 70% surgical mask manufacturer 60% loan guarantee 50% hsbc 50% fake sales records 40%