Man faces $6M L/C fraud charges
2000-1-31
A man, who allegedly set up a "shelf company" for defrauding $6 million Letters of Credit (L/C) facilities based on bogus business transactions, appeared at Eastern Court today.
Alexandre Joseph Vieira, 34, faced two counts of conspiring with Lam Ka-man, Carmen, to defraud Kwong On Bank Limited and Dao Heng Bank by dishonestly causing the two banks to issue 16 L/Cs in total to Kam Hoi Plastic Moulds Company (Kam Hoi) between Nove mber 1997 and June 1998.
The defendant was the proprietor of Avec Technology Ltd. (Avec) when the offences took place. It was alleged that he had instructed a clerk of Avec to set up Kam Hoi to facilitate the above L/C frauds.
Vieira allegedly knew that there were no genuine commercial transactions in relation to the applications and that the supporting documents were false.
Magistrate Mr Ian Candy adjourned the case to February 21, 2000 for mention. The defendant was granted bail of $10,000 in cash and $10,000 in cash surety.
The prosecution was today represented by ICAC officer Fred Simmons.
Alexandre Joseph Vieira, 34, faced two counts of conspiring with Lam Ka-man, Carmen, to defraud Kwong On Bank Limited and Dao Heng Bank by dishonestly causing the two banks to issue 16 L/Cs in total to Kam Hoi Plastic Moulds Company (Kam Hoi) between Nove mber 1997 and June 1998.
The defendant was the proprietor of Avec Technology Ltd. (Avec) when the offences took place. It was alleged that he had instructed a clerk of Avec to set up Kam Hoi to facilitate the above L/C frauds.
Vieira allegedly knew that there were no genuine commercial transactions in relation to the applications and that the supporting documents were false.
Magistrate Mr Ian Candy adjourned the case to February 21, 2000 for mention. The defendant was granted bail of $10,000 in cash and $10,000 in cash surety.
The prosecution was today represented by ICAC officer Fred Simmons.