Magistrate calls case ‘serious’, remands Lui Tsz-chung in custody until November 11

A 61-year-old Hong Kong businessman has been remanded in custody after being charged with defrauding the government to secure a HK$52.9 million (US$6.8 million) contract for supplying drinking water to its offices.

Secretary for Financial Services and the Treasury Christopher Hui Ching-yu acknowledged on Tuesday that the procurement deal had “shortcomings” and said a task force he chaired would meet this week for discussions.

Police escorted Lui Tsz-chung, who claims to be a businessman, to Eastern Court to face a charge of fraud.

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