Ex-HKMA senior executive charged for alleged housing allowance fraud
2003-5-23
The former Head (Information Technology) of the Hong Kong Monetary Authority (HKMA) was today (Friday) charged by the ICAC for allegedly using false documents to deceive housing allowances while he was employed by HKMA.
Peter Hsueh Cheng-kang, 68, will appear in Eastern Magistracy at 9:30 am on Monday (May 26) on two counts of agent using false document with intent to deceive HKMA, contrary to Section 9(3) of the Prevention of Bribery Ordinance.
The charges allege that Hsueh had used Application for Housing and Holiday Allowances Forms containing false statements to mislead HKMA.
Hsueh was alleged to have falsely declared in such applications that he was eligible to claim and receive housing allowance in respect of the rented accommodation specified in the forms.
He was also alleged to have falsely represented that the rented accommodation for which he was claiming housing allowance was not owned by him and/or his relative directly or indirectly; and that his claim represented a genuine rental transaction at marke t rates.
The alleged offences took place between April 13, 1998 and May 3, 1999.
ICAC investigation alleged that housing allowances of $660,000 and $495,000 were granted to Hsueh for the financial years 1997/98 and 1998/99 respectively as a result of the suspected fraud.
The defendant has been released on ICAC bail, pending his court appearance on Monday.
Peter Hsueh Cheng-kang, 68, will appear in Eastern Magistracy at 9:30 am on Monday (May 26) on two counts of agent using false document with intent to deceive HKMA, contrary to Section 9(3) of the Prevention of Bribery Ordinance.
The charges allege that Hsueh had used Application for Housing and Holiday Allowances Forms containing false statements to mislead HKMA.
Hsueh was alleged to have falsely declared in such applications that he was eligible to claim and receive housing allowance in respect of the rented accommodation specified in the forms.
He was also alleged to have falsely represented that the rented accommodation for which he was claiming housing allowance was not owned by him and/or his relative directly or indirectly; and that his claim represented a genuine rental transaction at marke t rates.
The alleged offences took place between April 13, 1998 and May 3, 1999.
ICAC investigation alleged that housing allowances of $660,000 and $495,000 were granted to Hsueh for the financial years 1997/98 and 1998/99 respectively as a result of the suspected fraud.
The defendant has been released on ICAC bail, pending his court appearance on Monday.