Bank customer charged by ICAC with bribery over trust fund redemption
2023-3-1
A customer of a bank was charged by the ICAC today (March 1) with offering a bribe of $1,000 to a relationship manager of the bank for assisting him in redeeming his unit trust fund.
Chung Sung, 60, faces one count of offering an advantage to an agent, contrary to section 9(2)(a) of the Prevention of Bribery Ordinance. He will be brought to the Fanling Magistrates’ Courts tomorrow (March 2) for plea.
On January 22, 2021, the defendant visited a branch of The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Sheung Shui for redeeming his unit trust fund held with the bank. He was received by a relationship manager of the branch.
The relationship manager asked the defendant to produce his Hong Kong Identity Card or passport for verification in accordance with the guideline of the bank. But the defendant did not bring along the documents.
The defendant allegedly offered $1,000 to the relationship manager for assisting in redeeming the unit trust fund held by him with HSBC.
The relationship manager declined the offer and reported the matter to HSBC.
HSBC has rendered full assistance to the ICAC during its investigation into the case.
Chung Sung, 60, faces one count of offering an advantage to an agent, contrary to section 9(2)(a) of the Prevention of Bribery Ordinance. He will be brought to the Fanling Magistrates’ Courts tomorrow (March 2) for plea.
On January 22, 2021, the defendant visited a branch of The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Sheung Shui for redeeming his unit trust fund held with the bank. He was received by a relationship manager of the branch.
The relationship manager asked the defendant to produce his Hong Kong Identity Card or passport for verification in accordance with the guideline of the bank. But the defendant did not bring along the documents.
The defendant allegedly offered $1,000 to the relationship manager for assisting in redeeming the unit trust fund held by him with HSBC.
The relationship manager declined the offer and reported the matter to HSBC.
HSBC has rendered full assistance to the ICAC during its investigation into the case.