Then Police Constable charged by ICAC sentenced for Credit Union loan fraud by concealing debts
2025-9-9
A then Police Constable, charged by the ICAC, was today (September 9) handed a 160-hour community service order at the West Kowloon Magistrates’ Courts for deceiving the Hong Kong Police Credit Union (HKPCU) into granting him a loan of over $57,000 by concealing his other loans totalling over $500,000 obtained from six financial institutions.
Ma Wai-cheong, 48, was earlier found guilty after trial of one count of fraud, contrary to section 16A(1) of the Theft Ordinance.
In sentencing, Magistrate Mr Edward Wong Ching-yu said the defendant had exhibited remorse, admitted that he had knowingly committed the offence and promised to rehabilitate himself when he was remanded in the custody of the Correctional Services Department after conviction. Having considered the circumstances, a community service order was imposed on him.
The ICAC investigation stemmed from a corruption complaint referred by the Police. The above fraudulent act was revealed during the corruption probe.
The court heard that the HKPCU provided loan service to its members. In July 2019, the defendant applied for a personal loan with the HKPCU. He declared on the application form that he had not obtained any loan from other banks or financial institutions and claimed that the content and information contained in the application form was complete and accurate. The HKPCU eventually granted him a loan of over $57,000.
However, the ICAC enquiries revealed that when the loan application was made with the HKPCU, the defendant had obtained loans totalling over $500,000 from six financial institutions and he was required to make repayments of over $24,000 each month.
The Police and the HKPCU rendered full assistance to the ICAC during its investigation into the case.
The prosecution was today represented by Senior Public Prosecutor Noelle Aileen Chit, assisted by ICAC officer Stephen Kwok.
Ma Wai-cheong, 48, was earlier found guilty after trial of one count of fraud, contrary to section 16A(1) of the Theft Ordinance.
In sentencing, Magistrate Mr Edward Wong Ching-yu said the defendant had exhibited remorse, admitted that he had knowingly committed the offence and promised to rehabilitate himself when he was remanded in the custody of the Correctional Services Department after conviction. Having considered the circumstances, a community service order was imposed on him.
The ICAC investigation stemmed from a corruption complaint referred by the Police. The above fraudulent act was revealed during the corruption probe.
The court heard that the HKPCU provided loan service to its members. In July 2019, the defendant applied for a personal loan with the HKPCU. He declared on the application form that he had not obtained any loan from other banks or financial institutions and claimed that the content and information contained in the application form was complete and accurate. The HKPCU eventually granted him a loan of over $57,000.
However, the ICAC enquiries revealed that when the loan application was made with the HKPCU, the defendant had obtained loans totalling over $500,000 from six financial institutions and he was required to make repayments of over $24,000 each month.
The Police and the HKPCU rendered full assistance to the ICAC during its investigation into the case.
The prosecution was today represented by Senior Public Prosecutor Noelle Aileen Chit, assisted by ICAC officer Stephen Kwok.