Bank manager faces court for alleged credit bribery scam
2001-4-20
A manager of Sin Hua Bank Limited, charged by the ICAC for allegedly accepting $30,000 cash, an expensive watch and a return air ticket to assist in the granting and maintaining of credit facilities to a group of companies, appeared in Eastern Court today (Friday).
So Wai-yee, 50, faced three counts of accepting an advantage, contrary to Section 9(1)(b) of the Prevention of Bribery Ordinance.
No plea was taken. Magistrate Mr Henry Mierczak adjourned the case until May 11 this year for transfer to District Court.
The charges alleged that So had accepted from Ho Chi-chun $30,000 cash, a Rolex watch, and a return air ticket between Hong Kong and Singapore worth $8,900.
The advantages were said to be rewards for So to show favour to Ho, by facilitating the granting and maintaining of credit arrangements by Sin Hua Bank Limited to three companies controlled by Ho - Dero Enterprises Limited, Au Kiang International Company Limited and Kimbase Investment Limited.
The credit arrangements included property installment loans and Letters of Credit facilities.
The alleged offences took place between January 1, 1994 and December 14, 1998.
Ho had left Hong Kong before the commencement of the ICAC investigation into this case. A warrant had been issued by the court for his arrest.
So was granted bail of $30,000 in cash. He was ordered not to leave Hong Kong, and not to interfere with prosecution witnesses.
The prosecution was today represented by ICAC officer Simon Yung.
So Wai-yee, 50, faced three counts of accepting an advantage, contrary to Section 9(1)(b) of the Prevention of Bribery Ordinance.
No plea was taken. Magistrate Mr Henry Mierczak adjourned the case until May 11 this year for transfer to District Court.
The charges alleged that So had accepted from Ho Chi-chun $30,000 cash, a Rolex watch, and a return air ticket between Hong Kong and Singapore worth $8,900.
The advantages were said to be rewards for So to show favour to Ho, by facilitating the granting and maintaining of credit arrangements by Sin Hua Bank Limited to three companies controlled by Ho - Dero Enterprises Limited, Au Kiang International Company Limited and Kimbase Investment Limited.
The credit arrangements included property installment loans and Letters of Credit facilities.
The alleged offences took place between January 1, 1994 and December 14, 1998.
Ho had left Hong Kong before the commencement of the ICAC investigation into this case. A warrant had been issued by the court for his arrest.
So was granted bail of $30,000 in cash. He was ordered not to leave Hong Kong, and not to interfere with prosecution witnesses.
The prosecution was today represented by ICAC officer Simon Yung.