Christian Zheng Sheng College, a school that helps students quit drugs, announced it's closing down in a month.

The college's supervisor, Chui Hong-sheung, said the decision was made on Thursday night during an online board meeting which he didn't take part in.

Chui pointed out that the cash-strapped college currently has around ten students, and he believes the authorities will make arrangements for them to be transferred elsewhere. He added that some teachers have already quit the school.

"Since there are not many students involved, I think it's highly likely that the authorities can offer them help. But whether or not the students and their parents are willing to be transferred is another matter," he told RTHK.

Back in January, police arrested four directors of the charity which runs the college, on suspicion of conspiracy to defraud. Three others, including the institution’s head, Alman Chan, were put on the wanted list.

Christian Zheng Sheng earlier told the press that relevant bank accounts had been frozen by officers as part of the probe, and it was facing dire economic difficulties.

The government gave the school more than HK$1 million in emergency funding in March, but Chui said the money has since been used up.

Meanwhile, the Mandatory Provident Fund Schemes Authority said Zheng Sheng College has failed to make MPF contributions for around 20 employees between February and April.

It said it will take follow up action accordingly.