Ex-general manager of investment company charged with theft for stealing $22m
2020-8-4
A former general manager of an investment company has been charged by the ICAC today (August 4) with theft for stealing $22 million in total from the company.
Lam Tak-leung, 67, former general manager of Max Dragon Investment Limited (Max Dragon), faces 15 counts of theft, contrary to Section 9 of the Theft Ordinance.
The defendant will appear in the Eastern Magistrates’ Courts on Thursday (August 6) for the case to be transferred to the District Court for plea.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the alleged offences.
At the material time, the defendant was the general manager of Max Dragon, an investment company set up in May 2008. Since the sole director-cum-shareholder of Max Dragon seldom stayed in Hong Kong, the defendant was authorised to handle all businesses of the company.
In addition, the defendant was one of the authorised signatories of an account of Max Dragon held with a bank. The defendant kept the cheque book of the bank account and could sign cheques for business-related purpose.
The charges allege that on 15 occasions between December 3, 2012 and May 27, 2014, the defendant stole 15 debts ranging from $200,000 to $6 million, totalling $22 million, owed by the aforesaid bank to Max Dragon.
It is alleged that the defendant withdrew the sums from the bank account of Max Dragon with the company’s cheques signed by himself.
Max Dragon has rendered full assistance to the ICAC during its investigation into the case.
The defendant has been released on ICAC bail, pending his court appearance on Thursday.
Lam Tak-leung, 67, former general manager of Max Dragon Investment Limited (Max Dragon), faces 15 counts of theft, contrary to Section 9 of the Theft Ordinance.
The defendant will appear in the Eastern Magistrates’ Courts on Thursday (August 6) for the case to be transferred to the District Court for plea.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the alleged offences.
At the material time, the defendant was the general manager of Max Dragon, an investment company set up in May 2008. Since the sole director-cum-shareholder of Max Dragon seldom stayed in Hong Kong, the defendant was authorised to handle all businesses of the company.
In addition, the defendant was one of the authorised signatories of an account of Max Dragon held with a bank. The defendant kept the cheque book of the bank account and could sign cheques for business-related purpose.
The charges allege that on 15 occasions between December 3, 2012 and May 27, 2014, the defendant stole 15 debts ranging from $200,000 to $6 million, totalling $22 million, owed by the aforesaid bank to Max Dragon.
It is alleged that the defendant withdrew the sums from the bank account of Max Dragon with the company’s cheques signed by himself.
Max Dragon has rendered full assistance to the ICAC during its investigation into the case.
The defendant has been released on ICAC bail, pending his court appearance on Thursday.