Exiled Hong Kong legislator calls for action after HSBC bank accounts frozen
Ted Hui is the latest pro-democracy figure to leave Hong Kong amid the escalating crackdown on dissent. He revealed on weekend that bank accounts belonging to him and his family had been frozen, which he labelled āpolitical retaliation through economic oppressionā.
Following an outcry, Hui said his familyās accounts were partially unfrozen late on Sunday. He said the family were moving funds to other institutions ābecause of their complete distrust in HSBCā, and he called on regulators to investigate and punish law enforcement officers and banking management who he accused of abusing the law.
The HSBC accounts were frozen again under police orders. Police also said Hui was suspected of āforeign collusionā over social media posts in recants days seeking international support for Hong Kong.
Hui earlier said the asset freezing reflected what banks could do āas a result of political pressureā. And this affected the credibility of Hong Kong as an international banking and finance hub.
Source: The Guardian #Dec07
https://www.theguardian.com/world/2020/dec/07/exiled-hong-kong-legislator-calls-for-inquiry-after-hsbc-freezes-bank-account?CMP=Share_iOSApp_Other
#HongKongLegislator #TedHui #HSBC #HongKong #NationalSecurtiyLaw
Ted Hui is the latest pro-democracy figure to leave Hong Kong amid the escalating crackdown on dissent. He revealed on weekend that bank accounts belonging to him and his family had been frozen, which he labelled āpolitical retaliation through economic oppressionā.
Following an outcry, Hui said his familyās accounts were partially unfrozen late on Sunday. He said the family were moving funds to other institutions ābecause of their complete distrust in HSBCā, and he called on regulators to investigate and punish law enforcement officers and banking management who he accused of abusing the law.
The HSBC accounts were frozen again under police orders. Police also said Hui was suspected of āforeign collusionā over social media posts in recants days seeking international support for Hong Kong.
Hui earlier said the asset freezing reflected what banks could do āas a result of political pressureā. And this affected the credibility of Hong Kong as an international banking and finance hub.
Source: The Guardian #Dec07
https://www.theguardian.com/world/2020/dec/07/exiled-hong-kong-legislator-calls-for-inquiry-after-hsbc-freezes-bank-account?CMP=Share_iOSApp_Other
#HongKongLegislator #TedHui #HSBC #HongKong #NationalSecurtiyLaw
the Guardian
Exiled Hong Kong legislator calls for action after HSBC bank accounts frozen
Ted Hui says move by UKās biggest bank is act of āoppressionā as eight more democracy activists are arrested