Police Constable charged with $140,000 credit union loans fraud revealed in ICAC graft probe
2023-9-26
A Police Constable was charged by the ICAC today (September 26) for allegedly deceiving the Hong Kong Police Credit Union (HKPCU) into granting him two loans totalling over $140,000 by making false representations that he had no loans from banks or financial institutions. The fraud offences were revealed in the course of a corruption investigation by the ICAC.
Police Constable Lam Chun-kit, 47, faces two counts of fraud, contrary to section 16A(1) of the Theft Ordinance. He was released on ICAC bail, pending his appearance at the West Kowloon Magistrates’ Courts on Thursday (September 28) for plea.
At the material time, the defendant was a Police Constable and a member of the HKPCU, which provided loan service to its members.
It is alleged that during the loan applications made to the HKPCU in February and October 2021 respectively, the defendant falsely represented that he had not applied for any loan from other banks or financial institutions, and with intent to defraud, induced the HKPCU to grant him two loans totalling over $140,000.
The ICAC investigation arose from a corruption complaint referred by the Police. Enquires revealed that when the defendant applied for the two loans, he had outstanding loans totalling about $1.25 million with a bank and three financial institutions.
Had the HKPCU known that the information contained in the two loan application forms concerned was false or incomplete, it would not have approved the defendant’s applications.
The Police and HKPCU have rendered full assistance to the ICAC during its investigation into the case.
Police Constable Lam Chun-kit, 47, faces two counts of fraud, contrary to section 16A(1) of the Theft Ordinance. He was released on ICAC bail, pending his appearance at the West Kowloon Magistrates’ Courts on Thursday (September 28) for plea.
At the material time, the defendant was a Police Constable and a member of the HKPCU, which provided loan service to its members.
It is alleged that during the loan applications made to the HKPCU in February and October 2021 respectively, the defendant falsely represented that he had not applied for any loan from other banks or financial institutions, and with intent to defraud, induced the HKPCU to grant him two loans totalling over $140,000.
The ICAC investigation arose from a corruption complaint referred by the Police. Enquires revealed that when the defendant applied for the two loans, he had outstanding loans totalling about $1.25 million with a bank and three financial institutions.
Had the HKPCU known that the information contained in the two loan application forms concerned was false or incomplete, it would not have approved the defendant’s applications.
The Police and HKPCU have rendered full assistance to the ICAC during its investigation into the case.