Ex-sales manager gets three years for fraud over diverting paper business
2003-6-9
A former sales manager of a paper manufacturer, charged by the ICAC, was today (Monday) sentenced to three years' imprisonment at District Court for conspiracy to defraud her employer by dishonestly diverting the company's business to another firm set up by a colleague.
Ho Shuk-han, 36, formerly employed by Future's Safe Company Limited (Future's Safe), was today found guilty of one count of conspiracy to defraud, and two of agent using document with intent to deceive his principal, contrary to Section 9(3) of the Preven tion of Bribery Ordinance.
In sentencing, Judge Chua said the prosecution witnesses testified in this case were reliable. The judge also reprimanded the defendant for showing no remorse.
Also charged in connection with the case was Fung Kai-chung, 29, former sales representative of Future's Safe. Fung failed to turn up in court today.
The court convicted Fung of a similar conspiracy charge, and sentenced him to three years' imprisonment in his absence.
Upon the application of the ICAC, the court today issued a warrant for Fung's arrest.
The court heard that Future's Safe is a manufacturer of medium paper, which was sold to clients for carton box production.
In January 2000, Fung set up Hop Yan Trading Company (Hop Yan) for trading in medium paper.
Between January and August 2000, Ho and Fung had conspired together to defraud Future's Safe by dishonestly concealing from Future's Safe their interests in Hop Yan.
They had falsely represented to Future's Safe that Hop Yan was related to Hop Fung Paper Ware Factory Limited (Hop Fung), one of Future's Safe's clients, and caused Future's Safe to sell its goods to Hop Yan at discounted prices to which Hop Yan would not otherwise be entitled.
The defendants then misrepresented to clients of Future's Safe that the company's medium paper products were out of stock and they could purchase from Hop Yan at cheaper rates.
The court heard that during the above period, the business turnover between Future's Safe and Hop Yan amounted to $6.4 million. Hop Yan resold the medium paper it purchased from Future's Safe and made a profit of about $730,000.
The court also heard that Ho, with intent to mislead Future's Safe, had used false price deviation approval forms, purporting to show that Hop Yan was related to Hop Fung.
Anyone who has information on Fung's whereabouts or any other information which may lead to his arrest is urged to contact the ICAC on its 24-hour hotline 2526 6366. Information received will be treated in the strictest confidence.
Ho Shuk-han, 36, formerly employed by Future's Safe Company Limited (Future's Safe), was today found guilty of one count of conspiracy to defraud, and two of agent using document with intent to deceive his principal, contrary to Section 9(3) of the Preven tion of Bribery Ordinance.
In sentencing, Judge Chua said the prosecution witnesses testified in this case were reliable. The judge also reprimanded the defendant for showing no remorse.
Also charged in connection with the case was Fung Kai-chung, 29, former sales representative of Future's Safe. Fung failed to turn up in court today.
The court convicted Fung of a similar conspiracy charge, and sentenced him to three years' imprisonment in his absence.
Upon the application of the ICAC, the court today issued a warrant for Fung's arrest.
The court heard that Future's Safe is a manufacturer of medium paper, which was sold to clients for carton box production.
In January 2000, Fung set up Hop Yan Trading Company (Hop Yan) for trading in medium paper.
Between January and August 2000, Ho and Fung had conspired together to defraud Future's Safe by dishonestly concealing from Future's Safe their interests in Hop Yan.
They had falsely represented to Future's Safe that Hop Yan was related to Hop Fung Paper Ware Factory Limited (Hop Fung), one of Future's Safe's clients, and caused Future's Safe to sell its goods to Hop Yan at discounted prices to which Hop Yan would not otherwise be entitled.
The defendants then misrepresented to clients of Future's Safe that the company's medium paper products were out of stock and they could purchase from Hop Yan at cheaper rates.
The court heard that during the above period, the business turnover between Future's Safe and Hop Yan amounted to $6.4 million. Hop Yan resold the medium paper it purchased from Future's Safe and made a profit of about $730,000.
The court also heard that Ho, with intent to mislead Future's Safe, had used false price deviation approval forms, purporting to show that Hop Yan was related to Hop Fung.
Anyone who has information on Fung's whereabouts or any other information which may lead to his arrest is urged to contact the ICAC on its 24-hour hotline 2526 6366. Information received will be treated in the strictest confidence.