https://hongkongfp.com/wp-content/uploads/2021/01/brave_izYZgqM4q7.jpg
Hong Kong’s Harrow Int’l School paid over HK$240m in fees to firm managed by school board members – report
The school's sprawling colosseum-style campus is built on government land in Tuen Mun leased for HK$1,000 per year.
Tuen Mun’s Harrow International School has paid around HK$240 million in consultancy fees to a private firm with overlapping board members and directors who could be entitled to profit from the deal. As a non-profit, board members are forbidden from receiving income and assets from the school.
Two registered charities that manage the school’s finances – Harrow International School (Hong Kong) Limited (Harrow International) and Harrow International School Foundation Limited (Harrow Foundation) – together paid between HK$27.4 million to HK$44.6 million in consultant fees over seven years.
The sums were paid to their sister company Harrow International Management Services Limited annually between 2013 and 2019, according to financial reports
reviewed by
Apple Daily.
https://hongkongfp.com/2021/01/21/hong-kongs-harrow-intl-school-paid-over-hk240m-in-fees-to-firm-managed-by-school-board-members-report/