A director of a Small and Medium Enterprise (SME), charged by the ICAC, was today (April 17) sentenced to 44 months’ imprisonment at the District Court for her role in defrauding five banks of 33 loans totalling about $25 million and banking facilities totalling $22.5 million, as well as deceiving a government department and a public body into acting as guarantors for loans and trade facilities totalling over $15.8 million granted by the banks.

A then employee of a cable manufacturer, charged by the ICAC, admitted at the District Court today (April 15) that she had conspired with others to divert business amounting to $3.4 million to three other companies by fraudulent means.

A merchant, charged by the ICAC, was today (April 9) convicted at the District Court of using copies of a false power of attorney purportedly signed by his mother and younger brother to defraud five licensed money lenders of mortgage loans amounting to over $18 million.

A former financial controller of a listed company, charged by the ICAC, was today (April 3) sentenced to three years and seven months’ imprisonment at the District Court for conspiracy to accept an illegal rebate of about $590,000 for engaging an accounting firm to provide services, and defrauding the listed company of over $2 million by outsourcing other services to a consultant firm owned by him.

A company director, charged by the ICAC, was sentenced to six months’ imprisonment at the Kowloon City Magistracy today (April 2) after admitting that she had used a false sales contract to support her application for opening a corporate account for the company with a bank.

A director of a Small and Medium Enterprise (SME), charged by the ICAC, admitted at the District Court today (April 1) her role in defrauding five banks of 33 loans totalling about $25 million and banking facilities totalling $22.5 million, as well as deceiving a government department and a public body into acting as guarantors for loans and trade facilities totalling $15.8 million granted by the banks.

Commissioner of the ICAC, Mr Simon Peh Yun-lu, today (March 31) issued the following statement:

A former Joint-head of the IPO Vetting Team of the Hong Kong Exchanges & Clearing Limited (HKEX) and an Initial Public Offering (IPO) consultant have been charged by the ICAC this (March 25) morning for alleged bribery and misconduct in public office (MIPO) involving a total of $9.15 million in connection with the IPO applications of various listed companies.

To align with the Government’s latest measures to reduce the risk of the spread of COVID-19 virus in the community, the ICAC announced today (March 22) that starting from March 23, the Commission will provide essential, emergency and limited public services only.

The ICAC announced today (February 29) that starting from Monday (March 2), the Commission’s Headquarters Building at 303 Java Road, North Point and all Regional Offices across the territory will resume normal services.