Ex-company director charged with conspiracy to offer $4.8m illegal commissions
2016-4-21
A former director of a logistics company has been charged by the ICAC today (Thursday) with conspiracy to offer illegal commissions totalling about $4.8 million to two then employees of an electronic components manufacturer in relation to the awarding and renewal of a logistics contract.
Tai Kam-wa, 55, former shareholder-cum-director of Fei Tsui Logistic Limited (Fei Tsui), faces two counts of conspiracy to offer advantages to an agent, contrary to Section 9(2)(b) of the Prevention of Bribery Ordinance and Section 159A of the Crimes Ordinance.
The defendant will appear in the Shatin Magistracy next Monday (April 25) for transfer of the case to the District Court for plea.
At the material time, the defendant was a shareholder-cum-director of Fei Tsui. Between 1979 and 1996, he worked for TDK Hongkong Company Limited (TDK), which engaged in the manufacturing and trading of electronic components.
The charges allege that between an unknown date in 2005 and December 31, 2008, the defendant conspired with other persons to, without lawful authority or reasonable excuse, offer monthly commissions of about $100,000 each to two then employees of TDK as rewards for facilitating the awarding and renewal of a logistics contract of TDK with Fei Tsui. The alleged illegal commissions were said to amount to about $4.8 million in total.
TDK has rendered full assistance to the ICAC during its investigation.
The defendant has been released on ICAC bail, pending his court appearance next Monday.
Tai Kam-wa, 55, former shareholder-cum-director of Fei Tsui Logistic Limited (Fei Tsui), faces two counts of conspiracy to offer advantages to an agent, contrary to Section 9(2)(b) of the Prevention of Bribery Ordinance and Section 159A of the Crimes Ordinance.
The defendant will appear in the Shatin Magistracy next Monday (April 25) for transfer of the case to the District Court for plea.
At the material time, the defendant was a shareholder-cum-director of Fei Tsui. Between 1979 and 1996, he worked for TDK Hongkong Company Limited (TDK), which engaged in the manufacturing and trading of electronic components.
The charges allege that between an unknown date in 2005 and December 31, 2008, the defendant conspired with other persons to, without lawful authority or reasonable excuse, offer monthly commissions of about $100,000 each to two then employees of TDK as rewards for facilitating the awarding and renewal of a logistics contract of TDK with Fei Tsui. The alleged illegal commissions were said to amount to about $4.8 million in total.
TDK has rendered full assistance to the ICAC during its investigation.
The defendant has been released on ICAC bail, pending his court appearance next Monday.