Tobacco chief and three others charged for allegedly laundering proceeds of corruption and cigarette smuggling
2004-8-23
Four persons, including the chairman of a tobacco manufacturer, were today (Monday) charged by the ICAC for allegedly laundering proceeds of suspected cigarette smuggling and corrupt activities, totalling $50.3 million.
The defendants are Lu Dayong, 57, chairman of Nanyang Brothers Tobacco Company Limited; Ko Kit, 35, director of Hang Chun Trade Development Limited (Hang Chun); Chan Kai-san, 36, sales manager of Hang Chun; and Lin Jianding, 38, former director of Hang Ch un.
They will appear at Eastern Magistracy at 9:30 am tomorrow (Tuesday), facing a joint holding charge under the Organized and Serious Crimes Ordinance (OSCO).
The defendants were arrested by the ICAC during a corruption inquiry in February this year.
The charge alleges that between December 1 last year and February 23 this year, the defendants had conspired together to deal with sums of money, knowing or having reasonable ground to believe that the money, in whole or in part, directly or indirectly, r epresented proceeds of an indictable offence, contrary to Section 25(1) of OSCO.
ICAC enquiries revealed that the sums of money, amounting to $50.3 million, were allegedly generated from suspected corruption and smuggling cigarettes into the Mainland.
Inquiries into the corruption aspect of the case are continuing.
The defendants are Lu Dayong, 57, chairman of Nanyang Brothers Tobacco Company Limited; Ko Kit, 35, director of Hang Chun Trade Development Limited (Hang Chun); Chan Kai-san, 36, sales manager of Hang Chun; and Lin Jianding, 38, former director of Hang Ch un.
They will appear at Eastern Magistracy at 9:30 am tomorrow (Tuesday), facing a joint holding charge under the Organized and Serious Crimes Ordinance (OSCO).
The defendants were arrested by the ICAC during a corruption inquiry in February this year.
The charge alleges that between December 1 last year and February 23 this year, the defendants had conspired together to deal with sums of money, knowing or having reasonable ground to believe that the money, in whole or in part, directly or indirectly, r epresented proceeds of an indictable offence, contrary to Section 25(1) of OSCO.
ICAC enquiries revealed that the sums of money, amounting to $50.3 million, were allegedly generated from suspected corruption and smuggling cigarettes into the Mainland.
Inquiries into the corruption aspect of the case are continuing.