A consultant of a business brokerage firm, charged by the ICAC, was today (September 30) sentenced to three months’ imprisonment at the West Kowloon Magistrates’ Courts for deceiving the seller and buyer of a tutorial centre over the transaction price.

The Independent Commission Against Corruption (ICAC) and the Financial Reporting Council (FRC) today (September 29) entered into a Memorandum of Understanding (MoU) which signified the Commission’s continual efforts to enhance collaboration with financial regulators in the fight against corruption, illicit activities and malpractices.

A former manager of a lighting product company, charged by the ICAC, was today (September 29) sentenced to 56 months’ imprisonment at the District Court for defrauding his then employer by concealing his wife’s interest in a trading company when handling transactions between the two companies involving sums of discount and subsidy totalling about $12 million.

The ICAC today (September 28) charged an estate agent with accepting a bribe of $50,000 from a subordinate for assisting the latter in a property transaction.

A property owner was charged by the ICAC today (September 27) with offering a ‘laisee’ of $10,000 to a property agent of an estate agency in a bid to avoid paying the agency commission in relation to the sale of his flat.

ICAC Commissioner Mr Simon Peh Yun-lu, officiating today (September 24) at the launching ceremony of the Construction Industry Integrity Charter, called on the construction sector to participate in the Charter and adopt the Integrity Management System (IMS) with a view to enhancing companies’ ethical management, anti-corruption capabilities and awareness of staff members to sustain the industry’s probity culture and promote its long-term development.

The ICAC today (September 24) charged a Woman Police Constable with soliciting unauthorised loans totalling over $1 million from a complainant of a theft case and accepting a loan of $60,000 from an arrestee of a fighting case.

A former engineer of a hotel was charged by the ICAC today (September 23) with conspiracy to accept illegal rebates totalling over $470,000 from a works contractor for engaging and assisting the latter in completing various works projects of the hotel which were worth about $2.3 million in total.

The ICAC today (September 23) charged 11 cross-border truck drivers and a container weighing company operator with conspiracy to commit false accounting by inflating container weighing fees totalling over $390,000 in over 4,900 receipts submitted to a transportation company.

Four persons, including two former senior executives of a then listed company, charged by the ICAC, were today (September 20) convicted at the District Court of conspiracy to defraud the company and its board of directors and shareholders as well as The Stock Exchange of Hong Kong Limited (SEHK) over the placement of bonds issued by the listed company.