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China freezes bank account of Hong Kong pastor who stood against violence

Last week, while in Britain, the 39-year-old pastor went online and discovered that bank accounts belonging to him, his wife and the Good Neighbour North District Church had been frozen. The next day, he learned police had raided the church s two locations and arrested a staffer and a former director. Chan and his wife are accused of fraud and money laundering for under-reporting millions in church donations – charges he denies. “We are a registered charity organisation. We ve done everything lawfully,” said Chan, who is living in an undisclosed location in Britain indefinitely with his wife and three young daughters. The frozen accounts at HSBC were discovered a day after Hong Kong s new national security police department confirmed it had ordered the suspension of bank accounts belonging to former pro-democracy legislator Ted Hui, his parents and his wife. Hui was accused of misusing crowdfunded donations and is now self-exiled in Britain. He denies the charges.

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China freezes pastor s bank account in Hong Kong clampdown [Los Angeles Times]

China freezes pastor’s bank account in Hong Kong clampdown [Los Angeles Times] During the height of Hong Kong’s protests last year, Pastor Roy Chan led a ragtag crew of middle-age and elderly church volunteers who would turn-up at pro-democracy demonstrations wearing yellow vests with Chinese characters on the back that read, “Protect the Children.” They’d form human chains to try to block police from reaching the mostly teenage and college-age protesters, shouting: “Beat us, don’t beat the kids.” At times, the authorities obliged. Many of the volunteers, including an 83-year-old known as Uncle Wong, were tear-gassed and pepper- sprayed.

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China freezes pastor s bank account in Hong Kong clampdown

China freezes pastor s bank account in Hong Kong clampdown
heraldmailmedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heraldmailmedia.com Daily Mail and Mail on Sunday newspapers.

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World s richest banker Joseph Safra dies

SHARE The man regarded as the world s richest banker, whose financial group owns London’s Gherkin building, has died aged 82. Lebanese-born banker Joseph Safra, who built an empire of over $85 billion in banking assets, died of natural causes in Sao Paulo, Brazil, on Thursday. Safra “leaves a legacy that will be followed by many generations,” his company Banco Safra said in a statement. Joseph Yacoub Safra was born in 1938, in Beirut, Lebanon. A low profile but totemic figure in the financial industry, Safra came from a Jewish banking family with roots in Aleppo, Syria. The Safra family dynasty began its foray into the financial world by financing camel-caravan traders in the Ottoman Empire.

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Joseph Safra, banker with $85 billion empire, dies at 82

Joseph Safra, banker with $85 billion empire, dies at 82
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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