A senior manager at Hong Kong’s MTR Corporation has reported losing HK$74 million in a two-year-long investment scam involving fraudulent bond schemes, according to police. The 59-year-old victim was allegedly deceived by an individual impersonating an employee of HSBC UK.

Law enforcement authorities classified the case as obtaining property by deception and confirmed that no arrests have been made yet. The victim reportedly received a phone call from the scammer, who persuaded him to invest in so-called “green bonds.” Over a period spanning from February 2022 to January 2024, the manager transferred funds in 12 separate transactions to various overseas bank accounts, including one held at Barclays Bank in the United Kingdom.

After the final transfer, the victim was unable to recover the money and subsequently reported the incident to police. A source familiar with the investigation identified the victim as a senior manager at MTR Corporation and confirmed that the Barclays account was used by the scammer to receive payments.

This case is part of a broader pattern of high-value fraud in Hong Kong in recent months. Last month, authorities disclosed another major scam in which a 43-year-old woman lost nearly HK$69 million. In that case, the fraudsters impersonated mainland Chinese officials, accusing the victim of a crime and demanding money to prove her innocence. The woman made multiple transfers totaling approximately HK$68.9 million between July 2 and August 1.

Hong Kong police continue to investigate these incidents amid growing concerns over sophisticated telephone and online scams targeting residents and professionals across the city. Officials have urged the public to exercise caution when approached by unsolicited callers requesting transfers or investments.