Police hunt down owner of fake banking Web site

Thursday, 25 September 2003, 10:09 AM EST

Police said Thursday that they were trying to track down the owner of an allegedly fraudulent Web site offering offshore banking services and using a name similar to a Hong Kong bank's former subsidiary.

The Web site, www.eastasiacredit.com ,claims the company, East Asia Credit, has offices in Ireland, Hong Kong and Taiwan and offers financial services, including offshore deposits.

Hong Kong's de facto central bank warned the company doesn't have a banking permit in the territory, and urged the public to report to the police any dealings with the company.

The Hong Kong Monetary Authority said in a statement that people might confuse the company with East Asia Credit Company Ltd., which merged in May with its parent, the Bank of East Asia.

Bank of East Asia spokeswoman Selina Tong said the bank has no affiliation to the Web site or East Asia Credit.

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