Trading company's general manager faces court for alleged HK$16.5m 'double-discounting' fraud
The general manager of a trading company, who was arrested by the ICAC during a corruption inquiry, was today (Wednesday) charged and brought to Eastern Magistracy for an alleged scam to defraud three financial institutions of about US$2.12 million (about HK$16.5 million) by "double-discounting" export bills.