Four charged with bribery facilitated HK$75m L/C fraud and money laundering
Four persons, including a senior executive of a listed company subsidiary and two directors of two construction companies, have been charged by the ICAC today (June 5) for their alleged roles in a HK$75.3 million letters of credit (L/Cs) fraud scam involving over HK$1.7 million bribes, and money laundering.