ICAC Commissioner, Dr Timothy Tong Hin-ming, urged listed companies and enterprises to enhance corporate governance and integrity building in facing grave challenges brought by the financial tsunami.

A merchant, charged by the ICAC, was today (Monday) sentenced to 55 months’ imprisonment at the District Court for his role in a $265 million Letters of Credit (L/C) fraud based on non-existent commercial transactions.

Three senior executives of two companies, charged by the ICAC, were today (Friday) convicted at the District Court of bribery and false accounting offences in relation to the supply of electrical materials to Hong Kong Housing Authority’s (HA) building projects.

A director of a property agency, charged by the ICAC, was today (Thursday) sentenced to one year’s imprisonment at the District Court for conspiring with others to defraud the developer of a residential estate in Homantin of commissions totalling about $460,000.

A woman, charged by the ICAC, was today (Tuesday) sentenced to three years’ imprisonment at the District Court for teaching two suspected drug traffickers how to manufacture “ice” and handling illegal proceeds.

A total of 28 officers from the ICAC and law enforcers from the Mainland, Macao and a number of overseas agencies have completed a month-long ICAC Chief Investigators' Command Course (CICC) to sharpen their leadership and management skills in law enforcem ent.

A former contract assistant clerk of the Student Financial Assistance Agency (SFAA), charged by the ICAC, was today (Tuesday) sentenced to a community service order at the Kowloon City Magistracy for using bogus sick leave certificates to deceive her empl oyer into granting her 29 days of paid sick leave.

Officers of the Independent Commission Against Corruption (ICAC) must do their utmost and continue to combat corruption with the highest order of professionalism amid the present financial tsunami, urges Dr Timothy Tong Hin-ming, Commissioner of the ICAC.

A director of a property agency, charged by the ICAC, was today (Friday) convicted at the District Court of conspiring with others to defraud the developer of a residential estate in Homantin of commissions totalling about $460,000 in relation to the sale of flats at the residential estate.

Two chefs of two restaurants were today (Friday) each sentenced to three months’ imprisonment at the Eastern Magistracy for accepting bribes from a frozen food supplier as rewards for placing orders with the company.