Senior Superintendent of Police arrested and charged for alleged $200,000 loan fraud
2003-11-17
A Senior Superintendent of Police was today (Monday) arrested and charged by the ICAC for allegedly deceiving a $200,000 loan from a finance company.
Iain Tse Ho-yin, 54, will appear in Eastern Magistracy at 9:30 am tomorrow (Tuesday) on one count of fraud.
The case arose from a corruption complaint, alleging Tse of accepting unauthorized loans. ICAC enquiries revealed the alleged fraud offence.
The charge alleges that on January 2, 2001, Tse, in a loan application made with United Asia Finance Limited (UA), falsely represented that a premises at which he was residing was his self-owned property.
He is also alleged to have misrepresented his true and complete financial liabilities by failing to disclose personal loans totalling $1.45 million obtained from a finance company, a licensed money lender and three banks.
It is alleged that as a result of the misrepresentations, Tse had induced UA to grant him a $200,000 personal loan.
Tse has been released on ICAC bail, pending his court appearance tomorrow.
Iain Tse Ho-yin, 54, will appear in Eastern Magistracy at 9:30 am tomorrow (Tuesday) on one count of fraud.
The case arose from a corruption complaint, alleging Tse of accepting unauthorized loans. ICAC enquiries revealed the alleged fraud offence.
The charge alleges that on January 2, 2001, Tse, in a loan application made with United Asia Finance Limited (UA), falsely represented that a premises at which he was residing was his self-owned property.
He is also alleged to have misrepresented his true and complete financial liabilities by failing to disclose personal loans totalling $1.45 million obtained from a finance company, a licensed money lender and three banks.
It is alleged that as a result of the misrepresentations, Tse had induced UA to grant him a $200,000 personal loan.
Tse has been released on ICAC bail, pending his court appearance tomorrow.