The Hong Kong Retirement Schemes Association HKRSA has sent letters to the Mandatory Provident Fund Authority and the Independent Commission Against Corruption ICAC - a government taskforce, requesting the government investigate potential cases of bribery by a handful of MPF service providers, says Anthony Griffiths, a director of the Association.
It's a question of paying cash to employers to sign them up as clients, he explains. He says allegations have been brought to him by industry players that a few bad apples among the 26 authorized MPF service providers have given cheques to employers in return for getting the business. If the employers then can use this cash in any which way, it constitutes...
