Four persons, including two former senior executives of a then listed company, charged by the ICAC, were today (October 16) sentenced to jail terms up to seven months at the District Court for 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.

A former Police Sergeant, charged by the ICAC, today (October 11) admitted at the Fanling Magistrates’ Courts that he had accepted unauthorised loans totalling $216,000 from eight Police Constables (PCs).

The ICAC today (October 6) charged a former assistant technical manager of a vehicle distributor with defrauding a vehicle manufacturer of warranty claims for repair works totalling about $100,000.

The ICAC yesterday (October 4) charged a third-tier works subcontractor of a works project at a hotel with bribing a staff member of the main contractor for arranging the release of an outstanding payment for the project.

A driver, charged by the ICAC, was today (October 5) sentenced to nine months’ imprisonment at the Kwun Tong Magistrates’ Courts for having deceived three companies into granting him sick leaves and paying him work injury compensations totalling about $96,000 with false medical certificates and receipts issued by a registered Chinese medicine practitioner.

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.