Ex-employee of investment firm charged by ICAC with accepting bribes over vehicle maintenance orders
2022-7-20
A former employee of an investment firm was charged by the ICAC today (July 20) for allegedly conspiring with two proprietors of a garage to accept bribes for awarding vehicle maintenance orders of the firm to the garage.
Fung Kwok-kit, 61, former general assistant-cum-driver of Asia Financial Holdings Limited (Asia Financial Holdings), faces one count of conspiracy for an agent to accept advantages, contrary to Section 9(1)(a) of the Prevention of Bribery Ordinance and Section 159A of the Crimes Ordinance. He was released on ICAC bail, pending his appearance in the Eastern Magistrates’ Courts on Friday (July 22) for plea.
The alleged offence took place between January 2018 and October 2020. At the material time, Asia Financial Holdings had appointed United Motors Company (United Motors) as one of its vehicle maintenance contractors. United Motors was operated by its sole proprietor and a former proprietor.
The charge alleges that Fung conspired with the above two proprietors of United Motors to, without lawful authority or reasonable excuse, accept totalling at least $12,000 from the duo as an inducement to or reward for causing Asia Financial Holdings to award vehicle maintenance orders to United Motors.
During the period, Asia Financial Holdings had awarded about 40 vehicle maintenance orders to United Motors and settled maintenance fees totalling about $360,000.
The ICAC investigation arose from a corruption complaint. The above two proprietors of United Motors were earlier charged with bribery in another case.
Asia Financial Holdings has rendered full assistance to the ICAC during its investigation into the cases.
Fung Kwok-kit, 61, former general assistant-cum-driver of Asia Financial Holdings Limited (Asia Financial Holdings), faces one count of conspiracy for an agent to accept advantages, contrary to Section 9(1)(a) of the Prevention of Bribery Ordinance and Section 159A of the Crimes Ordinance. He was released on ICAC bail, pending his appearance in the Eastern Magistrates’ Courts on Friday (July 22) for plea.
The alleged offence took place between January 2018 and October 2020. At the material time, Asia Financial Holdings had appointed United Motors Company (United Motors) as one of its vehicle maintenance contractors. United Motors was operated by its sole proprietor and a former proprietor.
The charge alleges that Fung conspired with the above two proprietors of United Motors to, without lawful authority or reasonable excuse, accept totalling at least $12,000 from the duo as an inducement to or reward for causing Asia Financial Holdings to award vehicle maintenance orders to United Motors.
During the period, Asia Financial Holdings had awarded about 40 vehicle maintenance orders to United Motors and settled maintenance fees totalling about $360,000.
The ICAC investigation arose from a corruption complaint. The above two proprietors of United Motors were earlier charged with bribery in another case.
Asia Financial Holdings has rendered full assistance to the ICAC during its investigation into the cases.