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The bank account of Apple Daily’s Charity fund cancelled by Bank Of China, rumour says the reason is “paying tuitions for students”
(15 Jun) In March 2020, Pro-Beijing organization protested at the Revenue Tower in Wan Chai and suspected that Apple Daily Charitable Foundation was supporting rioters behind the scene in the name of charity work. Apple daily reported that the Foundation’s bank account in Bank of China(BOC) had been cancelled by the bank due to “commercial reasons”.
In Apple Daily’s report, The Charitable Foundation’s BOC account was closed down by the bank due to commercial reasons, and the other three accounts are operating as normal. The fund in the BOC account has been transferred to the other accounts.
According to Apple Daily, BOC staff contacted Mr. Chow Tat Hey, the Chief Executive of the foundation, regarding the protest at the Revenue tower. Mr. Chow explained to the BOC officer, saying the Foundation’s initiative is to support students, to help all the students who are facing financial difficulties because of the Anti Elab movement, and they will not screen applicants based on their political stances. However, the bank did not accept such an explanation and cancelled the account officially by sending a letter to the foundation on 4 May. In the letter, there was no mention of the reason for such a decision.
In March, there was Pro-Beijing group protesting at the Revenue tower, raising banners with slogans like “Toxic apple Fake charity, Funds to the Rioters”, etc, and the group suspected that the initiative of supporting students violates the definition of a charitable organization, and requested the Inland Revenue Department to cancel the charity status of Apple Daily Charitable Foundation.
Apple Daily Charitable Foundation started the initiative of supporting students in the past and claims to provide assistance to University students and students of tertiary education, who are unable to pay tuition and school fees due to family conflicts arising from the Anti elab protest. Apple Daily claims that the Foundation has received 7.85M donations as of 7 June, and is providing assistance to more than 10 students.
Standnews has sent an inquiry to BOC, who refused to comment on this particular case when replying and claimed that the bank has followed respective laws when managing the accounts in their daily operations.
Source: The Stand News
https://bit.ly/2BbdDsP
#AppleDaily #CharitibleFoundation #ChinaInfluence #BankOfChina #AntiELAB
The bank account of Apple Daily’s Charity fund cancelled by Bank Of China, rumour says the reason is “paying tuitions for students”
(15 Jun) In March 2020, Pro-Beijing organization protested at the Revenue Tower in Wan Chai and suspected that Apple Daily Charitable Foundation was supporting rioters behind the scene in the name of charity work. Apple daily reported that the Foundation’s bank account in Bank of China(BOC) had been cancelled by the bank due to “commercial reasons”.
In Apple Daily’s report, The Charitable Foundation’s BOC account was closed down by the bank due to commercial reasons, and the other three accounts are operating as normal. The fund in the BOC account has been transferred to the other accounts.
According to Apple Daily, BOC staff contacted Mr. Chow Tat Hey, the Chief Executive of the foundation, regarding the protest at the Revenue tower. Mr. Chow explained to the BOC officer, saying the Foundation’s initiative is to support students, to help all the students who are facing financial difficulties because of the Anti Elab movement, and they will not screen applicants based on their political stances. However, the bank did not accept such an explanation and cancelled the account officially by sending a letter to the foundation on 4 May. In the letter, there was no mention of the reason for such a decision.
In March, there was Pro-Beijing group protesting at the Revenue tower, raising banners with slogans like “Toxic apple Fake charity, Funds to the Rioters”, etc, and the group suspected that the initiative of supporting students violates the definition of a charitable organization, and requested the Inland Revenue Department to cancel the charity status of Apple Daily Charitable Foundation.
Apple Daily Charitable Foundation started the initiative of supporting students in the past and claims to provide assistance to University students and students of tertiary education, who are unable to pay tuition and school fees due to family conflicts arising from the Anti elab protest. Apple Daily claims that the Foundation has received 7.85M donations as of 7 June, and is providing assistance to more than 10 students.
Standnews has sent an inquiry to BOC, who refused to comment on this particular case when replying and claimed that the bank has followed respective laws when managing the accounts in their daily operations.
Source: The Stand News
https://bit.ly/2BbdDsP
#AppleDaily #CharitibleFoundation #ChinaInfluence #BankOfChina #AntiELAB