Former pro-democracy Yau Tsim Mong district councilor Chu, 46, was arrested Tuesday on suspicion of promoting MPF schemes without registration. Earlier, police received complaints of someone promoting MPF schemes on social media and other activities without a valid MPF intermediary license. Following the investigation, Chu was arrested Tuesday in Sha Tin for violating the MPF Schemes Ordinance by promoting MPF schemes without registration. Further investigation revealed that Chu was also involved in another case of alleged fraud. After resigning as district councilors, Yeung and Chiu continued to focus on community work and formed a community financial management team.
