Trio jailed for listing and L/C frauds
The former chairman and two former senior executives of delisted Fu Cheong International Holdings Limited (Fu Cheong), charged by the ICAC, were today (Monday) sentenced to jail terms ranging from six years and nine months to nine and a half years at the Court of First Instance for conspiracy to defraud in relation to the listing of Fu Cheong, false information contained in Fu cheong's annual report, and fraudulent applications for Letters of Credit (L/Cs) facilities.