A director of a company and a property agent, charged by the ICAC, were today (Wednesday) sentenced at District Court for bribery and fraud involving a scam to deceive cash compensation from the Urban Renewal Authority (URA) in relation to three redevelopment projects.

The Independent Commission Against Corruption (ICAC) would continuously enhance its professional capability and intensify training in financial investigation to deal with challenges arising from the increasingly complex, globalised and sophisticated natur e of corruption-related crimes.

Two foreign exchange brokers, charged by the ICAC, were today (Friday) jailed for their roles in frustrating an investigation by the Securities and Futures Commission (SFC) in relation to market manipulation of the trading in shares of publicly listed Sha nghai Land Holdings Limited (Shanghai Land).

An operator of a pub, charged by the ICAC, was sentenced to seven months' imprisonment at Kowloon City Magistracy for conspiring to pervert justice by orchestrating staged drug arrests, so that he could falsely present himself as an informer to reduce his criminal liability in a dangerous drug case.

A Detective Police Constable, charged by the ICAC for conspiring to pervert justice by orchestrating staged drug arrests so that a police suspect could falsely present himself as an informer, was today (Wednesday) convicted at the Kowloon City Magistracy.

ICAC Commissioner, Raymond Wong Hung-chiu, today (Saturday) called upon the international community to strengthen mutual co-operation in order to combat cross border corruption and other transnational crimes in a more efficient and coordinated manner.

A sales manager of an architect firm and two other persons were charged by the ICAC for allegedly bribing a clerk and an office-bearer of the Incorporated Owners of two residential buildings and an employee of a property management company of another building for securing consultancy contracts.

Three persons, including the former general manager of publicly listed Shanghai Land Holdings Limited (Shanghai Land), have been convicted at District Court of their respective roles in manipulating the market in trading in the shares of the listed company, and frustrating an investigation by the Securities and Futures Commission (SFC) in relation to the market manipulation.

A former employee of a US domestic appliances manufacturer, charged by the ICAC, was today (Wednesday) sentenced to one year's imprisonment at District Court for accepting more than HK$11 million and US$102,000 (about HK$795,600) in illegal commissions fr om two suppliers.

One more defendant has been charged by the ICAC today (Wednesday) in connection with a corruption inquiry alleging bribery over food supplies to supermarkets.