On May 8, 2025, the Independent Commission Against Corruption (ICAC) charged Louisa Mak, known by her stage name Rainky Wai, with multiple offenses related to her role as a director and shareholder of ScR Dr. Pro Medical Beauty Limited. The charges stem from allegations that she defrauded an artist shareholder of HKD 5.8 million in investments while also misappropriating more than HKD 3.1 million in public funds.
Rainky Wai, 31, is accused of exaggerating the costs associated with purchasing medical beauty equipment and renovating the beauty center. According to the ICAC, between May and September 2022, she and another woman co-founded the medical beauty business and invited a fellow artist to invest HKD 5 million to become a shareholder in ScR Dr. Pro. The ICAC's investigation has led to three specific charges against Wai: one count of theft, one count of fraud, and one count of attempted fraud.
Details of the allegations suggest that Wai misappropriated over HKD 3.1 million of the artist's investment by falsely claiming that the funds had been used for purchasing medical beauty equipment. The ICAC claims that Wai intended to deceive the investor into believing that the money was spent appropriately, thus discouraging any requests for a refund of the investment.
Additionally, one of the charges indicates that Wai inflated the renovation expenses of the beauty center, claiming they amounted to HKD 1.68 million. She allegedly attempted to persuade the investor to pay an additional HKD 800,000 for advertising costs by stating that the company was financially depleted due to these renovation expenses.
The ICAC initiated its investigation after receiving a corruption complaint, which led to the discovery of numerous receipts with inflated amounts related to the claimed expenses. Investigators found evidence that the funds were misappropriated for personal use by Wai and her family.
Following her arrest, the ICAC granted Wai bail, and she is scheduled to appear in the Eastern District Court on May 12, 2025. The prosecution may request to transfer the case to the regional court for further proceedings.
In response to the charges, Rainky Wai took to her Instagram account to express her belief in the fairness of the legal system. "I still believe in the fairness and justice of the law," she wrote, adding, "What is fake cannot be true, and evil people will meet their match." However, she refrained from divulging further details about the case, stating, "I have entrusted my legal representative to handle the matter, and at this stage, my lawyer has advised me not to comment further on the case. Thank you to all my friends for your concern! I've received many messages of support from fellow artists and friends, which is so sweet! 💓💓💓 It warms my heart!"
Rainky Wai's career began in 2012, when she debuted as a singer. She later expanded her portfolio to include acting, signing with TVB about six years ago and appearing in several dramas. Her physical appearance, often referred to as having a "devilishly attractive figure," has made her a notable figure in the entertainment industry.
Transitioning from her entertainment career, Wai ventured into business by opening a beauty salon, which reportedly marked her first significant financial success. In her public statements, she has emphasized her family's background, noting that her parents were involved in the tourism industry in Mainland China before transitioning to property investment, which contributed to her family's wealth.
Despite her rising fame and success in the beauty industry, the recent allegations have cast a shadow over her career. The ICAC's investigation revealed that the beauty salon, which was established in May 2022, has faced financial disputes and complications shortly after its opening. Reports indicate that the salon's social media accounts have since become inactive, raising questions about its operational status.
Wai's case has drawn attention not only for the serious nature of the allegations but also because it involves individuals from the entertainment industry, where trust and reputation are paramount. Another former shareholder of the company, artist Rika Yau, also known as Lo Yee, has publicly stated that she was defrauded by individuals in the industry, further complicating the narrative surrounding Wai's business dealings.
As the legal proceedings unfold, the entertainment community and the public will be watching closely. The outcome of this case could have significant implications for Wai's career and the broader industry, particularly regarding trust and integrity in business practices.
In summary, Louisa Mak, known as Rainky Wai, faces serious legal challenges as she is charged with defrauding an investor and misappropriating funds in connection with her medical beauty business. As she prepares to defend herself in court, many are left wondering about the future of her career and the lessons to be learned from this unfolding situation.
