Jane Zhang

Jane Zhang is the president of Hong Kong Chu Hai College, a private institution in Hong Kong. She is currently newsworthy because she initiated a police investigation into alleged embezzlement. On April 29, Zhang contacted the police after the Bank of China alerted the college on April 17 to three unusual transactions totaling HK$770,000 (US$98,262) from the college's account to the personal account of the finance director. This action led to the arrest of the finance director, Ray Yip Kam-chun, on suspicion of theft. Further developments indicate a larger alleged embezzlement of HK$41 million (US$5.2 million) over three years, with Yip, his wife, and a contractor facing charges related to theft and handling illicit proceeds. Zhang's role in reporting the initial suspicious transactions is significant as it triggered the investigation into a substantial financial crime within the college.