Ex-employee of background research company charged with fraud over business diversion
2020-9-23
A former employee of a background research company has been charged by the ICAC today (September 23) with fraud by falsely representing to a bank that his employer was renamed so as to divert its business to his own company.
Lee Sin-lun, 43, former sales executive of Databank Research Company (Databank Research), faces one count of fraud, contrary to Section 16A of the Theft Ordinance.
The defendant will appear in the Shatin Magistrates’ Courts on Friday (September 25) for plea.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offence.
At the material time, the defendant was a sale executive of Databank Research which provided Companies Registry and Business Registration Office check services to local licensed banks, including Bank of Communications (Hong Kong) Limited (Bank of Communications (HK)).
In June 2018, the defendant solely set up a company, Databank Services, which also engaged in background research business.
The charge alleges that between June 8 and October 4, 2018, the defendant falsely represented to Bank of Communications (HK) that the name of Databank Research would be changed to Databank Services and that the website of Databank Research would be changed to a new one.
The defendant, with intent to defraud, allegedly induced Bank of Communications (HK) to engage Databank Services to provide services to it, which resulted in benefit to him or in prejudice to Databank Research.
It is alleged that service payments totalling over $32,000 were incurred as a result of the defendant’s false representation to the bank.
Databank Research and Bank of Communications (HK) have rendered full assistance to the ICAC during its investigation into the case.
The defendant has been released on ICAC bail, pending his court appearance on Friday.
Lee Sin-lun, 43, former sales executive of Databank Research Company (Databank Research), faces one count of fraud, contrary to Section 16A of the Theft Ordinance.
The defendant will appear in the Shatin Magistrates’ Courts on Friday (September 25) for plea.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offence.
At the material time, the defendant was a sale executive of Databank Research which provided Companies Registry and Business Registration Office check services to local licensed banks, including Bank of Communications (Hong Kong) Limited (Bank of Communications (HK)).
In June 2018, the defendant solely set up a company, Databank Services, which also engaged in background research business.
The charge alleges that between June 8 and October 4, 2018, the defendant falsely represented to Bank of Communications (HK) that the name of Databank Research would be changed to Databank Services and that the website of Databank Research would be changed to a new one.
The defendant, with intent to defraud, allegedly induced Bank of Communications (HK) to engage Databank Services to provide services to it, which resulted in benefit to him or in prejudice to Databank Research.
It is alleged that service payments totalling over $32,000 were incurred as a result of the defendant’s false representation to the bank.
Databank Research and Bank of Communications (HK) have rendered full assistance to the ICAC during its investigation into the case.
The defendant has been released on ICAC bail, pending his court appearance on Friday.