Ex-manager of telecom company and mother charged by ICAC with fraud and laundering HK$16m crime proceeds
2022-9-28
A former manager of a telecommunications company and his mother were charged by the ICAC today (September 28) with fraud by concealing the duo’s interests in a supplier and laundering crime proceeds totalling over HK$16 million, being payments for goods and services provided by the supplier to the telecommunications company.
Cheung Cheuk-man, 44, former manager of PCCW Services Limited (PCCW Services), a subsidiary of PCCW Limited (PCCW), faces one count of fraud, contrary to section 16A(1) of the Theft Ordinance; while Lee Po-mei, 65, Cheung’s mother and sole director cum shareholder of Go Go Wifi Limited (GGWL), faces one count of dealing with property known or believed to represent proceeds of an indictable offence, contrary to Section 25(1) of the Organized and Serious Crimes Ordinance.
The duo will be brought to the Eastern Magistrates’ Courts tomorrow (September 29) for mention.
In November 2014, Cheung was employed by PCCW Services to work as manager of the network service team of PCCW Solutions Limited (PCCW Solutions), another subsidiary of PCCW, which provided a wide range of information technology and network solutions to its clients. PCCW’s policy stipulated that employees of PCCW and its subsidiaries must make declarations where potential conflicts of interest arose.
Upon the recommendation of Cheung, GGWL was included in the list of approved suppliers of PCCW and its subsidiaries in January 2016. Afterwards, Cheung procured PCCW Solutions to issue 29 purchase orders in the sum of over HK$30 million to GGWL. GGWL subsequently received payments of about HK$8.7 million and about US$990,000 to GGWL.
The alleged offences took place between August 2014 and September 2017.
One of the charges alleges that Cheung, with intent to defraud, induced PCCW Services to include and maintain GGWL in the list of approved suppliers for the provision of goods and services, and place purchase orders with GGWL, by concealing from or failing to disclose to PCCW Services his and/or his family member’s interests in GGWL.
Another charge alleges that Lee dealt with the above payments of about HK$8.7 million and about US$990,000, knowing or having reasonable grounds to believe they in whole or in part, directly or indirectly represented the proceeds of an indictable offence.
ICAC investigation revealed that Lee became the sole director cum shareholder of GGWL in August 2014.
PCCW and its subsidiaries have rendered full assistance to the ICAC during its investigation into the case.
Cheung Cheuk-man, 44, former manager of PCCW Services Limited (PCCW Services), a subsidiary of PCCW Limited (PCCW), faces one count of fraud, contrary to section 16A(1) of the Theft Ordinance; while Lee Po-mei, 65, Cheung’s mother and sole director cum shareholder of Go Go Wifi Limited (GGWL), faces one count of dealing with property known or believed to represent proceeds of an indictable offence, contrary to Section 25(1) of the Organized and Serious Crimes Ordinance.
The duo will be brought to the Eastern Magistrates’ Courts tomorrow (September 29) for mention.
In November 2014, Cheung was employed by PCCW Services to work as manager of the network service team of PCCW Solutions Limited (PCCW Solutions), another subsidiary of PCCW, which provided a wide range of information technology and network solutions to its clients. PCCW’s policy stipulated that employees of PCCW and its subsidiaries must make declarations where potential conflicts of interest arose.
Upon the recommendation of Cheung, GGWL was included in the list of approved suppliers of PCCW and its subsidiaries in January 2016. Afterwards, Cheung procured PCCW Solutions to issue 29 purchase orders in the sum of over HK$30 million to GGWL. GGWL subsequently received payments of about HK$8.7 million and about US$990,000 to GGWL.
The alleged offences took place between August 2014 and September 2017.
One of the charges alleges that Cheung, with intent to defraud, induced PCCW Services to include and maintain GGWL in the list of approved suppliers for the provision of goods and services, and place purchase orders with GGWL, by concealing from or failing to disclose to PCCW Services his and/or his family member’s interests in GGWL.
Another charge alleges that Lee dealt with the above payments of about HK$8.7 million and about US$990,000, knowing or having reasonable grounds to believe they in whole or in part, directly or indirectly represented the proceeds of an indictable offence.
ICAC investigation revealed that Lee became the sole director cum shareholder of GGWL in August 2014.
PCCW and its subsidiaries have rendered full assistance to the ICAC during its investigation into the case.