Duo charged with HK$27m fraud, theft and money laundering
2015-6-25
A former director of a health care product distributor and his wife have been charged by the ICAC for their alleged roles in a fraud, theft and money laundering scam involving over HK$27 million.
Chan Chiu-yeuk, 54, a former sales and marketing director of Shun On Healthcare Limited (SOH), and his wife Ng Wai-hung, 53, who were charged yesterday (Wednesday), jointly face two charges of dealing with property known or believed to represent proceeds of an indictable offence, contrary to Section 25(1) of the Organized and Serious Crimes Ordinance.
Chan alone faces 27 charges – nine of fraud, contrary to Section 16A(1) of the Theft Ordinance, and 18 of theft, contrary to Section 9 of the Theft Ordinance.
The defendants will appear in the Eastern Magistracy tomorrow (Friday) for transfer to the District Court for plea.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offences.
At the material time, Chan was a sales and marketing director of SOH, formerly known as DCH Healthcare Products Limited (DCH) and Adaltis Healthcare (H.K.) Limited (AHL).
As the sole distributor for ViaSpan, an organ transplant surgery solution, DCH, AHL or SOH sold the products to authorised dealers on the Mainland.
Nine of the charges allege that between November 21, 2006 and February 8, 2012, Chan falsely represented to nine authorised dealers on the Mainland that the selling price of ViaSpan was HK$17,027 per box, and with intent to defraud, induced those authorised dealers to purchase ViaSpan at a price higher than the actual retail price set by DCH, AHL or SOH.
As a result of the alleged false representation, Chan was said to have defrauded the nine authorised dealers of over HK$12.5 million in the above transactions in relation to the purchase of ViaSpan.
Eighteen other charges allege that between February 25, 2005 and January 13, 2012, Chan stole a total of 457 boxes of ViaSpan worth over HK$7.7 million from DCH, AHL or SOH.
The remaining two charges allege that between March 31, 2005 and March 14, 2012, Chan and Ng dealt with over HK$7.5 million of the above sums of money, knowing or having reasonable grounds to believe that the sums of money, in whole or in part, directly or indirectly, represented proceeds of an indictable offence.
SOH offered full assistance to the ICAC during the course of investigation.
The defendants have been released on ICAC bail, pending their court appearance tomorrow.
Chan Chiu-yeuk, 54, a former sales and marketing director of Shun On Healthcare Limited (SOH), and his wife Ng Wai-hung, 53, who were charged yesterday (Wednesday), jointly face two charges of dealing with property known or believed to represent proceeds of an indictable offence, contrary to Section 25(1) of the Organized and Serious Crimes Ordinance.
Chan alone faces 27 charges – nine of fraud, contrary to Section 16A(1) of the Theft Ordinance, and 18 of theft, contrary to Section 9 of the Theft Ordinance.
The defendants will appear in the Eastern Magistracy tomorrow (Friday) for transfer to the District Court for plea.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offences.
At the material time, Chan was a sales and marketing director of SOH, formerly known as DCH Healthcare Products Limited (DCH) and Adaltis Healthcare (H.K.) Limited (AHL).
As the sole distributor for ViaSpan, an organ transplant surgery solution, DCH, AHL or SOH sold the products to authorised dealers on the Mainland.
Nine of the charges allege that between November 21, 2006 and February 8, 2012, Chan falsely represented to nine authorised dealers on the Mainland that the selling price of ViaSpan was HK$17,027 per box, and with intent to defraud, induced those authorised dealers to purchase ViaSpan at a price higher than the actual retail price set by DCH, AHL or SOH.
As a result of the alleged false representation, Chan was said to have defrauded the nine authorised dealers of over HK$12.5 million in the above transactions in relation to the purchase of ViaSpan.
Eighteen other charges allege that between February 25, 2005 and January 13, 2012, Chan stole a total of 457 boxes of ViaSpan worth over HK$7.7 million from DCH, AHL or SOH.
The remaining two charges allege that between March 31, 2005 and March 14, 2012, Chan and Ng dealt with over HK$7.5 million of the above sums of money, knowing or having reasonable grounds to believe that the sums of money, in whole or in part, directly or indirectly, represented proceeds of an indictable offence.
SOH offered full assistance to the ICAC during the course of investigation.
The defendants have been released on ICAC bail, pending their court appearance tomorrow.