A director of a Small and Medium Enterprise (SME), charged by the ICAC, was today (November 25) sentenced to six years’ imprisonment at the District Court for using copies of false audited reports and bank statements of the company to support its applications for banking facilities totalling $19 million with two banks.

The ICAC yesterday (November 23) charged a former security guard with offering bribes totalling $8,000 to his supervisors on three occasions over a period of about 18 months for arranging him to act as and get promoted to an assistant supervisor.

A then director and a then part-time employee of a trading company were charged by the ICAC yesterday (November 22) with defrauding a bank and two licensed money lenders of loans totalling over $6.3 million by making false representations on the employment and monthly income of the employee in various loan applications.

In a joint operation mounted last week, codenamed “Sniper”, the ICAC and the Financial Reporting Council (FRC) searched the office of a certified public accountant (CPA) firm and its sister company. The address is also the local registered business address of a Macao construction firm listed in Hong Kong.

Three persons, including a then chairman and a then substantial shareholder of a listed company, were charged by the ICAC this morning (November 19) with conspiracy to defraud The Stock Exchange of Hong Kong Limited (SEHK), the listed company and its board of directors and shareholders by concealing a “backdoor listing” agreement when placing convertible notes to increase the share capital of the listed company and dealing with crime proceeds of $42 million. A merchant was further charged in the afternoon.

Three persons, including a then chairman and a then substantial shareholder of a listed company, were charged by the ICAC today (November 19) with conspiracy to defraud The Stock Exchange of Hong Kong Limited (SEHK), the listed company and its board of directors and shareholders by concealing a “backdoor listing” agreement when placing convertible notes to increase the share capital of the listed company and dealing with crime proceeds of $42 million.

A property agent, charged by the ICAC, was sentenced to four months’ imprisonment at the Kowloon City Magistrates’ Courts today (November 19) for accepting bribes totalling $118,000 from a subordinate for assisting the latter in procuring two property transactions which amounted to over $52.3 million.

A former manager of a cleaning company and two operators of a cleaning subcontractor were charged by the ICAC yesterday (November 17) with deceiving the cleaning company of service fees totalling about $3.5 million in relation to floor maintenance works of four shopping malls and dealing with crime proceeds in a total sum of $3 million derived from the scam.

A former project manager of a sister company of a power supplier, charged by the ICAC, was sentenced at the Kwun Tong Magistrates’ Courts today (November 18) for failing to declare conflicts of interest after having accepted loans totalling $135,000 from a contractor of cable trenching works under his supervision.

A then Superintendent of Police, charged by the ICAC, was today (November 17) convicted at the District Court of deceiving the Government and a bank into granting him housing and mortgage loans totalling about $6 million by falsely representing that a flat he purchased was used by his family while in fact it was let to others.