Three former company directors, charged by the ICAC for embezzlement in relation to its investigation into various fraud cases involving Guangnan (Holdings) Limited (Guangnan), pleaded guilty at the Court of First Instance today (Tuesday).

The Independent Commission Against Commission (ICAC) has instituted a total of 233 prosecutions in the first ten months of this year, representing a 21% rise over the 192 cases prosecuted the same period last year.

Graft-fighters from nine units of the Independent Commission Against Corruption (ICAC) were commended for their outstanding performances in exposing serious scams and nurturing positive values in the younger generations.

One former and one serving employees of a superstructure main contractor for a Housing Department (HD)'s Home Ownership Scheme (HOS) construction project, earlier arrested by the ICAC in connection with the use of non-compliant steel bars at the construct ion project in Tung Chung, were today (Thursday) charged for conspiracy to defraud HD.

Eight persons, who had allegedly conspired to stage a spate of traffic accidents to swindle insurance claims totalling $2.4 million, were charged by the ICAC today (Wednesday).

A fruit stall operator, charged by the ICAC for arranging a substitute to face prosecution by the then Urban Services Department (USD) and admit obstruction offences, was sentenced to two months' imprisonment at Eastern Court today (Tuesday).

A former chairman of a rural committee on Lantao Island, charged by the ICAC, was sentenced to one year in jail at North Kowloon Court today (Monday) for embezzling $178,300 in committee funds.

Twelve persons, charged by the ICAC for an alleged $3 million scam involving illegal transfer of market stall operating rights from lawful tenants who had surrendered their Itinerant Hawker Licence (IHL) to the then Urban Services Department (USD), appear ed in court today (Monday).

The District Court today (Saturday) meted out prison terms to six men who conspired to defraud a number of finance companies into issuing personal loans totalling $90,000 to unqualified borrowers by providing those borrowers with false supporting document s.

A registered nurse formerly employed by the Hospital Authority (HA) admitted that he had cheated about $35,000 in housing allowance from HA by falsely claiming that he was residing in the subsidised property.