Ex-bank employee jailed for bribery over customer data for business touting
2021-5-7
A then bank employee, charged by the ICAC, was today (May 7) sentenced to three weeks’ imprisonment at the Eastern Magistrates’ Courts after pleading guilty to a bribery charge in relation to customer’s confidential information from another bank for business touting.
Cheung Siu-lun, 33, former direct sales executive of China Construction Bank (Asia) Corporation Limited (CCB (Asia)), today pleaded guilty before Principal Magistrate Mr Peter Law Tak-chuen to one count of conspiracy for agent to accept advantages, contrary to Section 9(1)(a) of the Prevention of Bribery Ordinance and Section 159A of the Crimes Ordinance.
The court heard that at the material time, the defendant was a direct sales executive of CCB (Asia) and was responsible for promoting personal loan business of CCB (Asia). He came to know a direct sales executive of DBS Bank (Hong Kong) Limited (DBS Bank) in around November 2016.
It was agreed between the duo that the DBS Bank’s direct sales executive would refer a client of DBS Bank to the defendant for making a loan application with CCB (Asia). The defendant would in return pay the DBS Bank’s direct sales executive one per cent of the loan drawdown by the client as rebate.
Based on the customer information provided by the DBS Bank’s direct sales executive, the defendant contacted the client of DBS Bank to tout for personal loan business and successfully procured a loan of $500,000 for the latter in CCB (Asia) in late November 2016.
The court heard that the payment of the illegal rebate did not materialise as the defendant was arrested by the ICAC in early December 2016.
DBS Bank did not allow its staff members to accept any advantage in relation to the bank’s affairs or business, or to divulge the bank’s confidential customer information to any unauthorised party.
CCB (Asia) and DBS Bank had rendered full assistance to the ICAC during its investigation into the case.
The prosecution was today represented by Senior Public Prosecutor Paggie Lee, assisted by ICAC officer Emily Cheung.
Cheung Siu-lun, 33, former direct sales executive of China Construction Bank (Asia) Corporation Limited (CCB (Asia)), today pleaded guilty before Principal Magistrate Mr Peter Law Tak-chuen to one count of conspiracy for agent to accept advantages, contrary to Section 9(1)(a) of the Prevention of Bribery Ordinance and Section 159A of the Crimes Ordinance.
The court heard that at the material time, the defendant was a direct sales executive of CCB (Asia) and was responsible for promoting personal loan business of CCB (Asia). He came to know a direct sales executive of DBS Bank (Hong Kong) Limited (DBS Bank) in around November 2016.
It was agreed between the duo that the DBS Bank’s direct sales executive would refer a client of DBS Bank to the defendant for making a loan application with CCB (Asia). The defendant would in return pay the DBS Bank’s direct sales executive one per cent of the loan drawdown by the client as rebate.
Based on the customer information provided by the DBS Bank’s direct sales executive, the defendant contacted the client of DBS Bank to tout for personal loan business and successfully procured a loan of $500,000 for the latter in CCB (Asia) in late November 2016.
The court heard that the payment of the illegal rebate did not materialise as the defendant was arrested by the ICAC in early December 2016.
DBS Bank did not allow its staff members to accept any advantage in relation to the bank’s affairs or business, or to divulge the bank’s confidential customer information to any unauthorised party.
CCB (Asia) and DBS Bank had rendered full assistance to the ICAC during its investigation into the case.
The prosecution was today represented by Senior Public Prosecutor Paggie Lee, assisted by ICAC officer Emily Cheung.