(Yicai Global) July 13 -- The Chief Financial Officer of Times China Holdings has been stripped of all his positions at the Chinese property developer after photos and video clips of him allegedly performing lewd acts in the back of a taxi in Hong Kong surfaced online on July 7.

Wong Wing-nin is no longer CFO at the firm, assistant to the president or general manager of its Hong Kong business, the Guangzhou-based company said yesterday. He has been replaced by Executive Director and Vice President Niu Jimin.

The sex scandal has greatly damaged the firm’s reputation, it added. His actions have violated the company’s values and code of conduct for employees. As a result he has been removed from all his posts, the company told Yicai Global.

Wong was principal executive at Singapore’s Ruifeng Wealth Management and the US’ GMT Capital before joining Times China in 2015. He was appointed CFO a year ago.

Editor: Kim Taylor