Businessman and solicitor face court for alleged bankruptcy scam
2003-9-11
A bankrupt businessman and a solicitor, charged by the ICAC for an alleged scam for the undischarged bankrupt businessman to act as director of five companies and obtain banking facilities, appeared in Western Magistracy today (Thursday).
Mak Sik-hung, also known as Mai Xi-hong, 41, businessman, faced five counts of undischarged bankrupt acting as a director under the Companies Ordinance, and nine of undischarged bankrupt obtaining credit under the Bankruptcy Ordinance. He was further cha rged with one count of using a false affidavit.
Kwok William, 40, a practising solicitor, faced six counts of aiding and abetting Mak.
No pleas were taken. Magistrate Mr Timothy Jenkins adjourned the case until October 2, 2003 for transfer to District Court.
Mak and Kwok were granted cash bail of $5,000 and $50,000 respectively. They were also ordered not to leave Hong Kong, and not to interfere with prosecution witnesses.
The case arose from a corruption complaint. Subsequent ICAC inquiries revealed the alleged offences.
Mak, being an undischarged bankrupt, was alleged of having directly or indirectly took part in the management of five companies.
Mak was also alleged of having obtained a mortgage loan of $2,975,000 and demand loans totalling $800,000 in the names of several companies, respectively from Bank of Communications Hong Kong Branch and Kincheng Banking Corporation, without first informin g the banks that he was an undischarged bankrupt.
Mak was further charged with having wilfully used a false affirmation for the purpose of the Bankruptcy Proceedings before the High Court in relation to an application made by the Official Receiver.
Kwok was alleged of having aided and abetted Mak to act as director of five companies, and obtain the mortgage loan.
The above alleged offences took place between November 1996 and November 2001.
The prosecution was today represented by ICAC officer Johnny Chau.
Mak Sik-hung, also known as Mai Xi-hong, 41, businessman, faced five counts of undischarged bankrupt acting as a director under the Companies Ordinance, and nine of undischarged bankrupt obtaining credit under the Bankruptcy Ordinance. He was further cha rged with one count of using a false affidavit.
Kwok William, 40, a practising solicitor, faced six counts of aiding and abetting Mak.
No pleas were taken. Magistrate Mr Timothy Jenkins adjourned the case until October 2, 2003 for transfer to District Court.
Mak and Kwok were granted cash bail of $5,000 and $50,000 respectively. They were also ordered not to leave Hong Kong, and not to interfere with prosecution witnesses.
The case arose from a corruption complaint. Subsequent ICAC inquiries revealed the alleged offences.
Mak, being an undischarged bankrupt, was alleged of having directly or indirectly took part in the management of five companies.
Mak was also alleged of having obtained a mortgage loan of $2,975,000 and demand loans totalling $800,000 in the names of several companies, respectively from Bank of Communications Hong Kong Branch and Kincheng Banking Corporation, without first informin g the banks that he was an undischarged bankrupt.
Mak was further charged with having wilfully used a false affirmation for the purpose of the Bankruptcy Proceedings before the High Court in relation to an application made by the Official Receiver.
Kwok was alleged of having aided and abetted Mak to act as director of five companies, and obtain the mortgage loan.
The above alleged offences took place between November 1996 and November 2001.
The prosecution was today represented by ICAC officer Johnny Chau.