A company director was sentenced to eight years' imprisonment at the Court of First Instance today (Thursday) for cheating HK$92 million in Letters of Credit (L/Cs) loans based on bogus commercial transactions involving Guangnan (Holdings) Limited (Guangn an).

The ICAC has arrested 19 persons, including two jockeys of the Hong Kong Jockey Club (HKJC), in an investigation into horse race rigging and illegal bookmaking activities allegedly facilitated by corruption.

Two Principal Inspectors of the Education Department (ED), charged by the ICAC for alleged misconduct in public office over the awarding of production contracts in relation to various ED publications, appeared at Eastern Court today (Wednesday) together with a design contractor.

A company director was today (Tuesday) sentenced to three years' imprisonment at District Court for offering $360,000 in bribes to a former freight manager of the Kowloon-Canton Railway Corporation (KCRC) to facilitate the smuggling of $11 million worth o f cigarette manufacturing materials to the Mainland.

A woman, who returned to Hong Kong in December last year to face trial for a counterfeit credit card bribery case after hiding for eight years, was sentenced to three years' imprisonment at the District Court today (Tuesday).

The ICAC has arrested seven persons, including three police officers, for alerting operators of entertainment establishments of impending police raids and failing to take enforcement actions against suspected illegal activities at these establishments in return for monetary advantages.

The ICAC has arrested five persons, including one former and three serving senior executives of a public listed company in Hong Kong, for alleged misappropriation of $26.3 million in company funds, facilitated by corruption.

The Court of First Instance today (Tuesday) ordered to forfeit $500,000 cash bail and $500,000 surety from a woman wanted by the ICAC to face trial over an alleged $134 million Letters of Credit (L/C) fraud involving Guangnan (Holdings) Limited (Guangnan) .

Stepped-up exchanges between anti-corruption authorities in Hong Kong and Shanghai will surely reinforce their common efforts in fighting corruption, the ICAC Commissioner, Mr Alan Lai, said today (Monday).

The ICAC arrested and charged one more suspect, who is a Mainland citizen, in its investigation into a suspected bribery facilitated visa extension scam.