Ex-manager charged with $510,000 photocopier rental payments fraud
2019-1-18
A former manager of an asset management company has been charged by the ICAC today (January 18) with fraud by falsely inducing the company to pay a total of over $510,000 for rental of photocopiers to an office equipment firm.
Lam Kin-yee, 49, former administration and personnel manager of E Fund Management (Hong Kong) Co., Limited (E Fund), faces 10 counts of fraud, contrary to Section 16A of the Theft Ordinance.
The defendant will appear at the Eastern Magistracy next Tuesday (January 22) for plea.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offences.
At the material time, the defendant was an administration and personnel manager of E Fund in charge of its Human Resources and Administration Department. She was required to obtain prior approval of the chief executive officer of E Fund for procuring administration and other office support services from suppliers.
The charges allege that between February 19, 2014 and March 16, 2015, the defendant falsely represented to E Fund that 10 payment approval forms concerned the rental of office photocopiers, and with intent to defraud, induced E Fund to pay a total of over $510,000 to an office equipment firm, which resulted in benefit to the firm or prejudice to E Fund.
ICAC enquiries revealed that the defendant allegedly prepared the 10 payment approval forms under two contracts which she signed with the office equipment firm without prior approval of the chief executive officer of E Fund.
E Fund has rendered full assistance to the ICAC during its investigation into the case.
The defendant has been released on ICAC bail, pending her court appearance next Tuesday.
Lam Kin-yee, 49, former administration and personnel manager of E Fund Management (Hong Kong) Co., Limited (E Fund), faces 10 counts of fraud, contrary to Section 16A of the Theft Ordinance.
The defendant will appear at the Eastern Magistracy next Tuesday (January 22) for plea.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offences.
At the material time, the defendant was an administration and personnel manager of E Fund in charge of its Human Resources and Administration Department. She was required to obtain prior approval of the chief executive officer of E Fund for procuring administration and other office support services from suppliers.
The charges allege that between February 19, 2014 and March 16, 2015, the defendant falsely represented to E Fund that 10 payment approval forms concerned the rental of office photocopiers, and with intent to defraud, induced E Fund to pay a total of over $510,000 to an office equipment firm, which resulted in benefit to the firm or prejudice to E Fund.
ICAC enquiries revealed that the defendant allegedly prepared the 10 payment approval forms under two contracts which she signed with the office equipment firm without prior approval of the chief executive officer of E Fund.
E Fund has rendered full assistance to the ICAC during its investigation into the case.
The defendant has been released on ICAC bail, pending her court appearance next Tuesday.