The latest issue of ICAC’s electronic newsletter –'96 ICAC Post –'96 has been launched to update the business community on Hong Kong’s latest developments in anti-corruption work.

The newsletter quoted ICAC Commissioner Mrs Fanny Law Fan Chiu-fun as noting that despite a continued drop in corruption reports, the Commission remained unrelenting in fighting corruption, and achieved a record conviction rate of 88 per cent in 2006.

In recent years, the ICAC has detected a number of business corruption and fraud cases, with a few involving listed companies.

“Among those prosecuted in these cases, 66 per cent were professionals and senior executives, including company chairmen and directors,” she added.

The ICAC has recently produced a multi-media package on managing staff integrity for managers engaged in cross-boundary financial services.

Meanwhile, a guidebook on anti-corruption laws in Hong Kong and ICAC’s corruption prevention services will be available for overseas investors later this month.

The newsletter also featured a major business corruption case involving a banker who took huge bribes to approve HK$900 million credit facilities and bank loans.

Members of the public can access the newsletter on the ICAC website (http://www.icac.org.hk).