Then CSD Assistant Officer charged by ICAC admits defrauding CSDCU and financial institutions of $890,000 loans by concealing outstanding liabilities
2025-5-20
A then Assistant Officer of the Correctional Services Department (CSD), charged by the ICAC, today (May 20) admitted at the Eastern Magistrates’ Courts that he had deceived the Correctional Services Department Credit Union (CSDCU) and three financial institutions into granting him loans totalling over $890,000 in a span of three years by concealing his personal outstanding liabilities.
Jivcons Man Wai-kit, 49, then Assistant Officer I of the CSD, pleaded guilty to nine counts of fraud, contrary to section 16A of the Theft Ordinance. The prosecution withdrew eight other similar offences against him.
Acting Principal Magistrate Mr David Cheung Chi-wai adjourned the case to June 3 for sentence, pending the defendant’s background report. The defendant was remanded in the custody of the CSD.
The court heard that, at the material time between September 2020 and September 2023, the defendant was posted to Tung Tau Correctional Institution. During the period, he had applied for various loans from the CSDCU and a number of financial institutions.
In November 2020, the defendant applied to the CSDCU for a loan of $94,000. The defendant concealed his outstanding loans in the loan application form, and was eventually granted the loan by the CSDCU.
The defendant also filed eight other loan applications with three financial institutions by similar fraudulent means. He falsely represented in the application forms that he had fully disclosed his liabilities, and deceived the three financial institutions into granting him eight loans totalling $800,000, each ranging from $30,000 to over $140,000.
The offences were uncovered in an investigation by the ICAC, following receipt of a corruption complaint referred by the CSD. Had he made full disclosure of his outstanding liabilities when making the nine loan applications, the CSDCU and the three financial institutions would not have granted him the loans concerned. Enquiries revealed that up till now, the defendant had yet to repay at least over $300,000 in loans.
An ICAC spokesperson notes that integrity of civil servants is of paramount importance as the civil service is the backbone of the government’s effective governance. The ICAC will continue to help civil servants maintain a high level of integrity through publicity and education, and reminds them to exercise financial prudence and uphold probity.
The CSD, CSDCU and all financial institutions concerned rendered full assistance to the ICAC during its investigation into the case.
The prosecution was today represented by ICAC officer Edward Wong.
Jivcons Man Wai-kit, 49, then Assistant Officer I of the CSD, pleaded guilty to nine counts of fraud, contrary to section 16A of the Theft Ordinance. The prosecution withdrew eight other similar offences against him.
Acting Principal Magistrate Mr David Cheung Chi-wai adjourned the case to June 3 for sentence, pending the defendant’s background report. The defendant was remanded in the custody of the CSD.
The court heard that, at the material time between September 2020 and September 2023, the defendant was posted to Tung Tau Correctional Institution. During the period, he had applied for various loans from the CSDCU and a number of financial institutions.
In November 2020, the defendant applied to the CSDCU for a loan of $94,000. The defendant concealed his outstanding loans in the loan application form, and was eventually granted the loan by the CSDCU.
The defendant also filed eight other loan applications with three financial institutions by similar fraudulent means. He falsely represented in the application forms that he had fully disclosed his liabilities, and deceived the three financial institutions into granting him eight loans totalling $800,000, each ranging from $30,000 to over $140,000.
The offences were uncovered in an investigation by the ICAC, following receipt of a corruption complaint referred by the CSD. Had he made full disclosure of his outstanding liabilities when making the nine loan applications, the CSDCU and the three financial institutions would not have granted him the loans concerned. Enquiries revealed that up till now, the defendant had yet to repay at least over $300,000 in loans.
An ICAC spokesperson notes that integrity of civil servants is of paramount importance as the civil service is the backbone of the government’s effective governance. The ICAC will continue to help civil servants maintain a high level of integrity through publicity and education, and reminds them to exercise financial prudence and uphold probity.
The CSD, CSDCU and all financial institutions concerned rendered full assistance to the ICAC during its investigation into the case.
The prosecution was today represented by ICAC officer Edward Wong.