Chen Yishun, a former Kwun Tong Pingtian District Councillor, said that because he was addicted to speculating in stocks and futures, and betting on horses and gambling, he borrowed money from teachers, classmates, friends, and parliamentarians' assistants, and he owed about 700,000 yuan in total. He apologized to those affected. And will arrange a certain percentage of monthly salary repayment.
Chen Yishun said on Facebook that he has been poor in financial management since middle school, and he is even more addicted to investment and gambling, including futures indices, underlying stocks, football, horse racing, etc. The amount each time ranges from thousands to tens of thousands of yuan. However, "ten gambling and nine losing", and then Owe a lot of money and then lie to your friends to borrow money.
At first, he deceived his friends on the grounds that the Civil Affairs Administration delayed repayment of expenses. When he found out that the repayment of expenses was fruitless, he continued to borrow money for this reason or under the pretext of personal finance and insurance. When he promised to repay the repayment, he failed to repay it. Later, he continued to delay, Missing, large sums of money owed and even employee salaries.
Chen Yishun, former District Councilor of Kwun Tong.
(file picture)
Involving more than 50 people, Chen received assistance from the Gambling Rehabilitation Center
Chen Yishun said that the affected people included 5 teachers and about 20 classmates from St. Joseph's English Secondary School, 1 teacher and about 20 classmates from the Chinese University, two teachers from the affiliated college, several friends and 5 councillor assistants. About 700,000 yuan.
Chen Yishun apologized to the affected people, and promised to properly manage the finances, get rid of any investment and gambling tools, and accept the assistance of the gambling rehabilitation center. The affected people will be notified of the land repayment arrangement later, and the debt will be repaid with a certain amount of monthly salary. Debt restructuring and filing for bankruptcy will be considered.
Chen Yishun defeated Yao Boliang in the 2019 district council election and was elected in Ping Tin District, Kwun Tong. In December 2020, he was arrested by the police for the parade at the National University of Hong Kong.
[Tungwah Group of Hospitals Peace Square - Gambling Quit Counseling Center]
Gambling Quit Hotline: 2827 4321/1834633 (press 1 character)
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