ICAC suspect extradited from Canada to face fraud and theft charges
2006-4-23
A former shareholder of an investment company, wanted by the ICAC for allegedly defrauding the company of $5 million in relation to a small house development project (the project) in the New Territories and stealing over $1.3 million from the company, was extradited from Canada to Hong Kong last (Saturday) night.
Dai Shu-sing, 52, former shareholder of Mart Treasure Investment Limited (Mart Treasure), was arrested by the Royal Canadian Mounted Police (RCMP) in Vancouver in May 2004 at the request of the Hong Kong SAR Government, through the Mutual Legal Assistance Unit of the Department of Justice.
The Court of Appeal in British Columbia ordered Dai be returned to Hong Kong to face trial after his judicial review against the order of surrender was dismissed earlier this month.
Dai has been charged with one count of conspiracy to defraud and five of theft, and will be brought to Eastern Magistracy at 9:30 am tomorrow (Monday) for mention.
The case arose from a corruption complaint. Subsequent ICAC inquiries revealed the alleged fraud and theft offences.
One of the charges alleged that between May and November 1997, Dai had conspired together with Peter Chan, a former practising solicitor, to defraud Mart Treasure and its shareholders and directors of $5 million in relation to the true purchase price of t he project.
The remaining five charges alleged Dai of pocketing a total of over $1.3 million from the fraud between October and November 1997.
Amid the ICAC investigation, Dai left Hong Kong for Canada in November 2001.
A warrant for the arrest of Dai was issued by a Hong Kong magistrate in September 2003.
After being arrested by the RCMP in Vancouver in May 2004, Dai was released on bail.
In August 2005, the Minister of Justice of Canada ordered the surrender of Dai to the ICAC.
Dai filed a judicial review with the Court of Appeal in British Columbia against the order of surrender, but his judicial review was dismissed early this month. He was escorted back to Hong Kong from Vancouver last night.
Chan, who was also charged for his role in the case, was found guilty of one count of conspiracy to defraud, and sentenced to five years' imprisonment in March 2004.
Dai Shu-sing, 52, former shareholder of Mart Treasure Investment Limited (Mart Treasure), was arrested by the Royal Canadian Mounted Police (RCMP) in Vancouver in May 2004 at the request of the Hong Kong SAR Government, through the Mutual Legal Assistance Unit of the Department of Justice.
The Court of Appeal in British Columbia ordered Dai be returned to Hong Kong to face trial after his judicial review against the order of surrender was dismissed earlier this month.
Dai has been charged with one count of conspiracy to defraud and five of theft, and will be brought to Eastern Magistracy at 9:30 am tomorrow (Monday) for mention.
The case arose from a corruption complaint. Subsequent ICAC inquiries revealed the alleged fraud and theft offences.
One of the charges alleged that between May and November 1997, Dai had conspired together with Peter Chan, a former practising solicitor, to defraud Mart Treasure and its shareholders and directors of $5 million in relation to the true purchase price of t he project.
The remaining five charges alleged Dai of pocketing a total of over $1.3 million from the fraud between October and November 1997.
Amid the ICAC investigation, Dai left Hong Kong for Canada in November 2001.
A warrant for the arrest of Dai was issued by a Hong Kong magistrate in September 2003.
After being arrested by the RCMP in Vancouver in May 2004, Dai was released on bail.
In August 2005, the Minister of Justice of Canada ordered the surrender of Dai to the ICAC.
Dai filed a judicial review with the Court of Appeal in British Columbia against the order of surrender, but his judicial review was dismissed early this month. He was escorted back to Hong Kong from Vancouver last night.
Chan, who was also charged for his role in the case, was found guilty of one count of conspiracy to defraud, and sentenced to five years' imprisonment in March 2004.