Man loses HK$1 million after friend lures him into mortgaging flat: police
A local man was lured by a friend whom he had known for more than 20 years into mortgaging his flat to raise HK$1 million for investing in a fake “contracting project”, the full amount of which, Judiciary Police (PJ) spokesman Cheong Kim Fong said yesterday, his friend gambled away.According to a PJ investigation, Cheong noted, a 37-year-old local cabbie, surnamed Lam, had convinced the victim in April 2022 to mortgage the flat where the victim lives, to a financial firm for HK$1 million so