US sanctioned Hong Kong leader has no bank account

Published November 29, 2020
Hong Kong leader Carrie Lam said she has  “piles of cash” at home as she has no bank account after the United States slapped sanctions on her in response to a draconian security law China imposed on the city. — Reuters/File
Hong Kong leader Carrie Lam said she has “piles of cash” at home as she has no bank account after the United States slapped sanctions on her in response to a draconian security law China imposed on the city. — Reuters/File

HONG KONG: Hong Kong leader Carrie Lam said she has “piles of cash” at home as she has no bank account after the United States slapped sanctions on her in response to a draconian security law China imposed on the city.

Lam was targeted, along with 14 other senior city officials, in the toughest US action on Hong Kong since Beijing imposed the new law on the territory in late June.

The move by Washington freezes the American assets of the 15 officials and criminalises any financial transactions in the United States.

In an interview with local English TV channel HKIBC aired on Friday night, Lam said she was “using cash every day for all the things” after being sanctioned.

“Sitting in front of you is a chief executive of the Hong Kong SAR (Special Administrative Region) who has no banking service made available to her,” Lam told HKIBC.

“I have piles of cash at home, the government is paying me cash for my salary,” she added.

Lam added that it was “very honourable” to be “unjustifiably sanctioned” by the US government and does not want to deter anyone from serving in public office.

Earning HK$5.21 million (US$672,000) a year, Lam is one of the highest paid leaders in the world.

Her remarks sparked a public backlash, with social media users posting photos of coins in their piggy banks at home to contrast with Lam’s wealth.

Others questioned how her large salary would be transported to her residence in cash.

Published in Dawn, November 29th, 2020

Opinion

Police & prosecution
16 Jan 2021

Police & prosecution

Yasin Malik’s case is a revealing example of Modi’s political vendetta.
Changes in privacy policy
16 Jan 2021

Changes in privacy policy

It is indeed a blunder by WhatsApp to move towards a model that is less private than before.
A national dialogue?
15 Jan 2021

A national dialogue?

Fundamental reforms are needed to change the ‘system of spoils’, not save it.

Editorial

16 Jan 2021

Gas liberalisation

AFTER drawing much criticism from both consumers and the opposition over its mismanagement of the energy sector that...
16 Jan 2021

Osama Satti inquiry

THE findings of the judicial inquiry into the Jan 2 killing of 21-year-old Osama Satti in Islamabad merely confirms...
Updated 16 Jan 2021

British MP on IHK

DESPITE sustained efforts by New Delhi’s rulers to remove India-held Kashmir from the global discourse, people of...
Updated 15 Jan 2021

Trump’s impeachment

The impeachment move may well remain symbolic in nature; even then, the symbolism itself is a potent one.
15 Jan 2021

Economic growth

MOODY’S Investors Service expects Pakistan’s economy to grow by a modest 1.5pc in FY2021, much higher than the...
15 Jan 2021

Madressah students

GETTING students of madressahs involved in politics is a bad idea, primarily because seminarians should be...