The finance director of Hong Kong Chu Hai College has been arrested on suspicion of embezzling HK$770,000 (US$98,262) after the head of the institution reported the case to the police.
Jane Zhang, president of the Tuen Mun‑based college, contacted police on April 29 after the Bank of China alerted her on April 17 to three unusual transactions from the college to the suspect’s personal account, amounting to about HK$770,000, a police source said.
Zhang decided to report the matter after…