One more charged over alleged scam to realize $224m L/C facilities
2003-5-9
One more defendant was charged by the ICAC and brought to Eastern Magistracy this (Friday) morning for allegedly conspiring to furnish false information for the realization of Letters of Credit (L/Cs) facilities, totalling US$28.78 million (about HK$224.5 million), involving Keen Lloyd Group of Companies (KLG).
Ma Kin-fai, 44, former senior branch manager of then Sin Hua Bank Limited (Sin Hua Bank), faced one count of conspiracy to furnish false information.
Four other defendants, including former KLG chairman Chun Kam-chiu and KLG manager Tsang Siu-lan, and two former staff of Sin Hua Bank were earlier charged and appeared in court in connection with the case.
No plea was taken from Ma today. Magistrate Mr David Dufton adjourned the case until June 13, 2003 for consideration of committal proceedings and consolidation with the case of the other four defendants.
Ma was granted cash bail of $200,000 and was ordered not to interfere with prosecution witnesses. He was also ordered not to leave Hong Kong, and to inform the ICAC of his itinerary 48 hours before leaving Hong Kong, and report to the ICAC within 24 hour s after his return.
The case arose from a corruption complaint, alleging that Chun might have corruptly secured credit facilities from a bank. ICAC inquiries uncovered the alleged conspiracy offence.
The charge alleged that between late 1998 and April 30, 1999, Ma and the four co-defendants had conspired with other persons to dishonestly furnish information, namely invoices, L/Cs and supporting documents required for the realization of the said L/Cs, which to their knowledge were false.
Such information was said to purportedly show that goods were sold by companies operated by Chun Kam-chiu, namely Profit Sonic Limited, Vast Income Industries Limited and Tanko Development Limited, to other companies also operated by Chun, namely Keen Llo yd (Holdings) Limited and Keen Lloyd Motors Limited.
The prosecution was today represented by Senior Government Counsel Fanny Wong, assisted by ICAC officer Patrick Kwok.
Ma Kin-fai, 44, former senior branch manager of then Sin Hua Bank Limited (Sin Hua Bank), faced one count of conspiracy to furnish false information.
Four other defendants, including former KLG chairman Chun Kam-chiu and KLG manager Tsang Siu-lan, and two former staff of Sin Hua Bank were earlier charged and appeared in court in connection with the case.
No plea was taken from Ma today. Magistrate Mr David Dufton adjourned the case until June 13, 2003 for consideration of committal proceedings and consolidation with the case of the other four defendants.
Ma was granted cash bail of $200,000 and was ordered not to interfere with prosecution witnesses. He was also ordered not to leave Hong Kong, and to inform the ICAC of his itinerary 48 hours before leaving Hong Kong, and report to the ICAC within 24 hour s after his return.
The case arose from a corruption complaint, alleging that Chun might have corruptly secured credit facilities from a bank. ICAC inquiries uncovered the alleged conspiracy offence.
The charge alleged that between late 1998 and April 30, 1999, Ma and the four co-defendants had conspired with other persons to dishonestly furnish information, namely invoices, L/Cs and supporting documents required for the realization of the said L/Cs, which to their knowledge were false.
Such information was said to purportedly show that goods were sold by companies operated by Chun Kam-chiu, namely Profit Sonic Limited, Vast Income Industries Limited and Tanko Development Limited, to other companies also operated by Chun, namely Keen Llo yd (Holdings) Limited and Keen Lloyd Motors Limited.
The prosecution was today represented by Senior Government Counsel Fanny Wong, assisted by ICAC officer Patrick Kwok.