Ex-manager of mortgage broker in court for bribery
2016-7-22
A former manager of a mortgage broker appeared in the Eastern Magistracy today (Friday) after being charged by the ICAC with offering an illegal commission of over $5,700 to a then property agent of a property agency for referring its client for mortgage services.
Yuen Yat-wai, 45, a senior account manager formerly employed by m.Mortgage (HK) Limited (MHKL), who was charged on Wednesday (July 20), faced one count of offering an advantage to an agent, contrary to Section 9(2)(a) of the Prevention of Bribery Ordinance.
The defendant pleaded not guilty to the charge. Acting Principal Magistrate Mr Joseph To Ho-shing adjourned the case to August 9 this year for a pre-trial review.
At the material time, the defendant was a senior account manager of MHKL. MHKL and its associated companies, m.Mortgage Realty Strategic (HK) Services Limited (MRSSL) and Double Force Limited (DFL), were brokers providing mortgage referral services.
The charge alleged that in March 2013, the defendant offered $5,762 to a then property agent of Centaline Property Agency Limited (CPA) as a reward for referring a client of CPA to MRSSL and/or DFL for mortgage services.
The defendant was granted cash bail of $5,000, and ordered not to interfere with prosecution witnesses.
The prosecution was today represented by ICAC officer Billy Cheng.
Yuen Yat-wai, 45, a senior account manager formerly employed by m.Mortgage (HK) Limited (MHKL), who was charged on Wednesday (July 20), faced one count of offering an advantage to an agent, contrary to Section 9(2)(a) of the Prevention of Bribery Ordinance.
The defendant pleaded not guilty to the charge. Acting Principal Magistrate Mr Joseph To Ho-shing adjourned the case to August 9 this year for a pre-trial review.
At the material time, the defendant was a senior account manager of MHKL. MHKL and its associated companies, m.Mortgage Realty Strategic (HK) Services Limited (MRSSL) and Double Force Limited (DFL), were brokers providing mortgage referral services.
The charge alleged that in March 2013, the defendant offered $5,762 to a then property agent of Centaline Property Agency Limited (CPA) as a reward for referring a client of CPA to MRSSL and/or DFL for mortgage services.
The defendant was granted cash bail of $5,000, and ordered not to interfere with prosecution witnesses.
The prosecution was today represented by ICAC officer Billy Cheng.