State owned subsidiary executives face court for million-dollar deception charge
2001-4-27
Three senior executives employed by a subsidiary of a state-owned company in Hong Kong denied having conspired to deceive their employer of over $1.1 million using false accounting records when they appeared at District Court this (Friday) morning.
Yu Kwok-leung, 47, deputy general manager of Kennex Shipping Limited (Kennex); Chan Yin-kai, 51, assistant general manager of Kennex; and Chan Yee-ling, 41, finance manager of Kennex, were ordered by District Court Judge Fung to appear for pre-trial revie w on May 25, 2001. The trial date is yet to be fixed.
The trio was earlier charged by the ICAC with one count of conspiracy to falsify accounting documents. Yu was further charged with a theft offence.
Kennex is a subsidiary of Tsinlien Transportation Company Limited (Tsinlien).
Tsinlien is a Hong Kong company under Tin Hoi Group, which is a state-owned enterprise in Tianjin. Tsinlien's main business relates to the leasing of containers to Tin Hoi Group, which is engaged in shipping business.
The case arose from a corruption complaint, alleging that the trio of conspiring to use false documents to deceive their employer. ICAC enquiries revealed false accounting and theft offences.
One of the charges alleged the trio of conspiring with Tsinlien's general manager and director Zhang Xue-gang and others to falsify payment vouchers and supporting documents of Tsinlien and Kennex, purporting to show that transportation expenses had been incurred.
Yu was also alleged to have stolen a debt in the sum of $17,570 owed to Kennex by the China State Bank Limited.
The alleged offences took place between March 9, 1999 and May 31 last year.
Yu Kwok-leung and Chan Yee-ling was each granted cash bail of $30,000 and were ordered not to leave Hong Kong. Chan Yin-kai was granted bail of $100,000 in cash. The three defendants were ordered not to interfere with prosecution witnesses, and to repor t to the Police twice a week.
The prosecution was today represented by Government Counsel Beney Wong, assisted by ICAC officer Herbert Lee.
Yu Kwok-leung, 47, deputy general manager of Kennex Shipping Limited (Kennex); Chan Yin-kai, 51, assistant general manager of Kennex; and Chan Yee-ling, 41, finance manager of Kennex, were ordered by District Court Judge Fung to appear for pre-trial revie w on May 25, 2001. The trial date is yet to be fixed.
The trio was earlier charged by the ICAC with one count of conspiracy to falsify accounting documents. Yu was further charged with a theft offence.
Kennex is a subsidiary of Tsinlien Transportation Company Limited (Tsinlien).
Tsinlien is a Hong Kong company under Tin Hoi Group, which is a state-owned enterprise in Tianjin. Tsinlien's main business relates to the leasing of containers to Tin Hoi Group, which is engaged in shipping business.
The case arose from a corruption complaint, alleging that the trio of conspiring to use false documents to deceive their employer. ICAC enquiries revealed false accounting and theft offences.
One of the charges alleged the trio of conspiring with Tsinlien's general manager and director Zhang Xue-gang and others to falsify payment vouchers and supporting documents of Tsinlien and Kennex, purporting to show that transportation expenses had been incurred.
Yu was also alleged to have stolen a debt in the sum of $17,570 owed to Kennex by the China State Bank Limited.
The alleged offences took place between March 9, 1999 and May 31 last year.
Yu Kwok-leung and Chan Yee-ling was each granted cash bail of $30,000 and were ordered not to leave Hong Kong. Chan Yin-kai was granted bail of $100,000 in cash. The three defendants were ordered not to interfere with prosecution witnesses, and to repor t to the Police twice a week.
The prosecution was today represented by Government Counsel Beney Wong, assisted by ICAC officer Herbert Lee.