The former CEO of Hong Kong Cyberport wanted by Vietnam in connection with a financial fraud case has not been reappointed to the team of advisers to city leader John Lee

The former chairman of Hong Kong’s Cyberport, wanted by Vietnamese authorities, has not been reappointed to the city leader’s advisory team.

Lee George Lama was not included in the list of appointments to the chief executive’s policy expert group announced on Tuesday after serving a one-year term on the body established by city leader John Lee Ka-chiu in May 2023.

Vietnamese authorities previously accused Lam of involvement in the country’s largest financial fraud. At the center of the case is real estate tycoon Truong My Lan, who was sentenced to death for looting more than $12.5 billion from a bank through hundreds of ghost companies.

According to a Vietnamese court, the fraud also included embezzlement, bribery and violations of banking regulations.

Last October, the country’s government issued an arrest warrant for Lam, a former board member of Saigon Commercial Bank (SCB), on charges of “abuse of power to actively assist Truong My Lan in embezzling SCB money.”

Lam previously told the Post that the allegations were baseless and he would contact the country’s authorities to clarify the matter.

It is unclear whether the decision not to renew Lam’s appointment to the Hong Kong leader’s think tank is related to the accusations.

Lam was president of Cyberport from 2016 to 2022 and vice president of the city’s first satellite manufacturer, Uspace Technology Group.

According to the latest announcement from the city authorities, 54 members of the advisory body were re-elected. Five new members have been added: Professor Ba Shusong, managing director of Hong Kong Exchanges and Clearing; Bonnie Chan Woo Tak-chi, CEO of Complex China; Jonathan Zhu Jia, partner and co-head of Asian private equity at Bain Capital; lawmaker Tang Fei; and Naubahar Sharif, professor of public policy at the Hong Kong University of Science and Technology.

Eva Cheng Li Kam-fun, former president of the local think tank Our Hong Kong Foundation, also did not extend her term.

All representatives were appointed for one-year terms starting Thursday.

The group, headed by Stephen Wong Yuen-shan, was formed to advise the chief executive on improving the city’s socio-economic situation in line with the country’s development.