A former senior vice-president of the Hongkong and Shanghai Banking Corporation Limited (HSBC)’s Commercial Banking Department was charged by the ICAC with accepting a bribe of US$60,000 (about HK$468,000) for approving applications for credit facilities from a client of the bank.

The ICAC has launched a territory wide corruption prevention campaign to help Hong Kong’s some 8,000 owners corporations (OCs) minimise corruption risks resulting from inadequate financial management.

A Korean businessman was today (Thursday) sentenced to six months’ imprisonment at the Eastern Magistracy for bribing a manager of the Hongkong and Shanghai Banking Corporation (HSBC) for assisting him to redeem a false copy of a US$50 billion worth Gold Bullion Deposit Certificate.

A Police Constable and another person, charged by the ICAC, were today (Thursday) convicted at the District Court of trafficking in cocaine and ketamine, and inhaling ketamine inside a private club.

Four suppliers, who were charged by the ICAC for allegedly offering illegal rebates totalling over $740,000 to a former purchasing manager of a toys company in return for orders, today (Thursday) appeared in courts in three separate cases.

A defeated candidate of the 2007 District Council (DC) Election (Healthy Village Constituency), charged by the ICAC, was today (Tuesday) sentenced to nine weeks’ imprisonment at Eastern Magistracy after being found guilty of offering free body check services to electors in return for their votes.

The ICAC has launched best practice guidelines to help Hong Kong’s some 6,000 charitable organisations strengthen internal governance and improve transparency and accountability in fundraising activities.

A Korean businessman, charged by the ICAC, was today (Friday) found guilty at the Eastern Magistracy for bribing a manager of the Hongkong and Shanghai Banking Corporation (HSBC) for assisting him to redeem a US$50 billion worth Gold Bullion Deposit Certi ficate.

A former general manager of a headware company, charged by the ICAC, was today (Tuesday) sentenced to two years’ imprisonment at the District Court for deceiving millions of goods payments from the company.

The former chairman of a tobacco manufacturer and two other persons, earlier jailed for bribery and fraud in relation to cigarette smuggling activities, were today (Tuesday) ordered by a District Court judge to pay a total of over $13 million in restituti ons to the tobacco company.