Liang Pearl Consulting Announces Cease of Operations and Fund Freezes Amid Investigation
Hong Kong, June 25, 2024 – Liang Pearl Consulting, a financial services and loan brokerage agency based in Hong Kong, has announced the decision to cease operations and freeze all funds following an extensive investigation by the Financial Crimes Investigation Unit (FinCrim). This decision comes in response to the recent arrest of Liang Pearl Consulting’s CEO, Xi Liang, and his partner, Patrick Lim, in connection with serious allegations of financial misconduct, corruption, and breaches of international financial regulations.
The investigation, which spanned six months and included a sting operation in Shenzhen, revealed egregious practices within Liang Pearl Consulting. Xi Liang, the CEO, and Patrick Lim were caught red-handed with evidence of orchestrating a scheme where loan amoun...