Housewife in court over $3.8m property loan fraud
2016-9-1
A housewife appeared in the Eastern Magistracy today (Thursday) after being charged by the ICAC with defrauding a licensed money lender of a property loan of $3.8 million by falsely representing that she was the lawful attorney of her husband.
Cheung Hau-yee, 62, who was charged on Tuesday (August 30), faced one count of fraud, contrary to Section 16A of the Theft Ordinance.
No plea was taken today. Acting Principal Magistrate Joseph To Ho-shing transferred the case to the District Court for plea on September 20 this year.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offence.
At the material time, Cheung and her husband were joint tenants of a flat in a residential estate in Chai Wan.
The charge alleged that between an unknown day in February and March 26, 2015, Cheung falsely represented to Lei Shing Hong Credit Limited (LSH), a licensed money lender, that her husband had authorised her to be his lawful attorney to deal with the 50 per cent shares he held in the flat; her husband was an applicant in the application to LSH for a property loan in relation to the flat; and all the information and the documents submitted in relation to the property loan were accurate and complete.
It was alleged that, the defendant, with intent to defraud, induced LSH to approve the property loan in the amount of $3.8 million to her and her husband, which resulted in benefit to her, or in prejudice to LSH and her husband.
The defendant was granted cash bail of $50,000. She was ordered not to leave Hong Kong and not to interfere with prosecution witnesses.
LSH had rendered full assistance to the ICAC during its investigation.
The prosecution was today represented by ICAC officer Lily Kam.
Cheung Hau-yee, 62, who was charged on Tuesday (August 30), faced one count of fraud, contrary to Section 16A of the Theft Ordinance.
No plea was taken today. Acting Principal Magistrate Joseph To Ho-shing transferred the case to the District Court for plea on September 20 this year.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offence.
At the material time, Cheung and her husband were joint tenants of a flat in a residential estate in Chai Wan.
The charge alleged that between an unknown day in February and March 26, 2015, Cheung falsely represented to Lei Shing Hong Credit Limited (LSH), a licensed money lender, that her husband had authorised her to be his lawful attorney to deal with the 50 per cent shares he held in the flat; her husband was an applicant in the application to LSH for a property loan in relation to the flat; and all the information and the documents submitted in relation to the property loan were accurate and complete.
It was alleged that, the defendant, with intent to defraud, induced LSH to approve the property loan in the amount of $3.8 million to her and her husband, which resulted in benefit to her, or in prejudice to LSH and her husband.
The defendant was granted cash bail of $50,000. She was ordered not to leave Hong Kong and not to interfere with prosecution witnesses.
LSH had rendered full assistance to the ICAC during its investigation.
The prosecution was today represented by ICAC officer Lily Kam.