Ex-shipping manager charged with accepting $200,000 illegal rebates
2014-4-14
A former senior shipping manager of a trading company has been charged by the ICAC today (Monday) for allegedly accepting over $200,000 in illegal rebates from an operator of two logistics service companies in relation to the placing of transportation orders.
Mo Wai-hung, 49, former senior shipping manager of SIU Group Limited (SGL), faces one count of agent accepting an advantage, contrary to Section 9(1)(a) of the Prevention of Bribery Ordinance (POBO), and one of conspiracy for an agent to accept advantage, contrary to Section 9(1)(a) of the POBO and Section 159A of the Crimes Ordinance.
The defendant, currently on ICAC bail, will appear in the Kowloon City Magistracy at 9:30 am on Wednesday (April 16) for plea.
At the material time, the defendant was a senior shipping manager of SGL, a trading company engaged in exporting domestic goods to overseas buyers. The defendant was responsible for sourcing logistics service providers, obtaining quotations, negotiating prices and placing transportation orders with them.
Amongst those providers were two logistics service companies managed by the same operator.
One of the charges alleges that on May 24, 2013, the defendant accepted $4,300 in illegal rebates from the operator as rewards for placing transportation orders with one of his companies.
The other charge alleges that between January 1, 2008 and May 23, 2013, the defendant conspired with the operator to accept sums of money calculated according to an agreed formula from the operator as rewards for placing transportation orders with his two companies.
The sums of money, which were suspected illegal rebates, were said to amount to over $200,000.
SGL has rendered full assistance to the ICAC during its investigation.
Mo Wai-hung, 49, former senior shipping manager of SIU Group Limited (SGL), faces one count of agent accepting an advantage, contrary to Section 9(1)(a) of the Prevention of Bribery Ordinance (POBO), and one of conspiracy for an agent to accept advantage, contrary to Section 9(1)(a) of the POBO and Section 159A of the Crimes Ordinance.
The defendant, currently on ICAC bail, will appear in the Kowloon City Magistracy at 9:30 am on Wednesday (April 16) for plea.
At the material time, the defendant was a senior shipping manager of SGL, a trading company engaged in exporting domestic goods to overseas buyers. The defendant was responsible for sourcing logistics service providers, obtaining quotations, negotiating prices and placing transportation orders with them.
Amongst those providers were two logistics service companies managed by the same operator.
One of the charges alleges that on May 24, 2013, the defendant accepted $4,300 in illegal rebates from the operator as rewards for placing transportation orders with one of his companies.
The other charge alleges that between January 1, 2008 and May 23, 2013, the defendant conspired with the operator to accept sums of money calculated according to an agreed formula from the operator as rewards for placing transportation orders with his two companies.
The sums of money, which were suspected illegal rebates, were said to amount to over $200,000.
SGL has rendered full assistance to the ICAC during its investigation.