Ex-Cyberport department head, 5 others, charged over HK$20 million tech subsidy fraud

A former department head of Hong Kong’s fintech hub Cyberport has been granted bail after being charged with accepting bribes to help an artificial intelligence (AI) start-up secure HK$20 million in funding from a government-subsidised programme. Alice So Nga-lai, 59, former head of entrepreneurship of the Hong Kong Cyberport Management Company, was accused of receiving advantages such as flight tickets, one handbag, two tote bags, one coin purse and a mobile phone between October 2023 and...