Superintendent of Police faces court for allegedly deceiving $2.25m loans from financial institutions
2003-6-3
A Superintendent of Police, arrested by the ICAC during a corruption inquiry, appeared in Eastern Magistracy this (Tuesday) morning for allegedly deceiving loans totalling $2.25 million from a finance company, a bank and two licensed money lenders.
Philip Cheng Po-yan, 46, faced three counts of obtaining a pecuniary advantage by deception, as well as five similar charges and two counts of fraud in separate cases.
Also charged in connection with one of the cases were Connie Lam Lai-wa, 39, company director; Cheng Ka-kiu, 25, marketing executive; and Tsui Po-sum, 34, clerk. They also appeared in Eastern Magistracy this morning, each facing one count of obtaining a pecuniary advantage by deception.
No pleas were taken. Magistrate Mr David Dufton adjourned the cases until June 24, 2003 for plea.
Cheng was granted cash bail of $20,000, while Lam Lai-wa, Cheng ka-kiu and Tsui Po-sum were each granted cash bail of $10,000.
The defendants were ordered to inform the ICAC of their itineraries 48 hours before leaving Hong Kong, and report to the ICAC within 24 hours after their return. They were also ordered not to interfere with prosecution witnesses.
In the first case, Cheng Po-yan faced three counts of dishonestly obtaining personal loans totalling $540,000 for Lam Lai-wa, Cheng Ka-kiu and Tsui Po-sum from a finance company by deception.
Cheng Po-yan, who allegedly acted as a guarantor in the above loan applications, was said to have misrepresented his true and complete financial liabilities by failing to disclose mortgages and personal loans obtained from other financial institutions.
Lam Lai-wa, Cheng Ka-kiu and Tsui Po-sum each faced one count of obtaining a personal loan by furnishing a false employment letter.
In the second case, Cheng Po-yan was charged with five counts of dishonestly obtaining personal loans totalling $960,000 from a finance company and a bank by similar deceptive means.
Cheng Po-yan also faced two counts of fraud, which alleged him of inducing two licensed money lenders to grant him personal loans totalling $750,000.
The alleged offences in the above cases took place between January 2000 and July 2001.
The prosecution was today represented by Senior Government Counsel Gary Lam, assisted by ICAC officer Roger Lam.
Philip Cheng Po-yan, 46, faced three counts of obtaining a pecuniary advantage by deception, as well as five similar charges and two counts of fraud in separate cases.
Also charged in connection with one of the cases were Connie Lam Lai-wa, 39, company director; Cheng Ka-kiu, 25, marketing executive; and Tsui Po-sum, 34, clerk. They also appeared in Eastern Magistracy this morning, each facing one count of obtaining a pecuniary advantage by deception.
No pleas were taken. Magistrate Mr David Dufton adjourned the cases until June 24, 2003 for plea.
Cheng was granted cash bail of $20,000, while Lam Lai-wa, Cheng ka-kiu and Tsui Po-sum were each granted cash bail of $10,000.
The defendants were ordered to inform the ICAC of their itineraries 48 hours before leaving Hong Kong, and report to the ICAC within 24 hours after their return. They were also ordered not to interfere with prosecution witnesses.
In the first case, Cheng Po-yan faced three counts of dishonestly obtaining personal loans totalling $540,000 for Lam Lai-wa, Cheng Ka-kiu and Tsui Po-sum from a finance company by deception.
Cheng Po-yan, who allegedly acted as a guarantor in the above loan applications, was said to have misrepresented his true and complete financial liabilities by failing to disclose mortgages and personal loans obtained from other financial institutions.
Lam Lai-wa, Cheng Ka-kiu and Tsui Po-sum each faced one count of obtaining a personal loan by furnishing a false employment letter.
In the second case, Cheng Po-yan was charged with five counts of dishonestly obtaining personal loans totalling $960,000 from a finance company and a bank by similar deceptive means.
Cheng Po-yan also faced two counts of fraud, which alleged him of inducing two licensed money lenders to grant him personal loans totalling $750,000.
The alleged offences in the above cases took place between January 2000 and July 2001.
The prosecution was today represented by Senior Government Counsel Gary Lam, assisted by ICAC officer Roger Lam.