Former senior bank executive charged in $18m credit bribery case
2000-6-12
A former senior bank executive was charged by the ICAC yesterday (Sunday) for allegedly accepting $650,000 in bribes for arranging banking facilities of $18 million for a businessman.
Li Defan, 48, former Assistant General Manager of the Bank of China (BOC), will appear at 9:30 am in Eastern Court tomorrow (Tuesday) to face one bribery offence.
He was earlier charged with accepting over $3.6 million in bribes from Fan Yingchao for granting a $312 million bank loan to Fan's investment company, and will face trial, together with Fan, in November this year.
In the current case, Li was accused of accepting about $650,000 on October 21, 1997 from Lam Mui-tuen, a proprietor of an aluminium company, as a reward for assisting Lam in the applications for credit facilities or additional credit facilities from BOC.
Li was granted ICAC bail, pending court appearance tomorrow.
Li Defan, 48, former Assistant General Manager of the Bank of China (BOC), will appear at 9:30 am in Eastern Court tomorrow (Tuesday) to face one bribery offence.
He was earlier charged with accepting over $3.6 million in bribes from Fan Yingchao for granting a $312 million bank loan to Fan's investment company, and will face trial, together with Fan, in November this year.
In the current case, Li was accused of accepting about $650,000 on October 21, 1997 from Lam Mui-tuen, a proprietor of an aluminium company, as a reward for assisting Lam in the applications for credit facilities or additional credit facilities from BOC.
Li was granted ICAC bail, pending court appearance tomorrow.