Ex-sales manager in court for laundering HK$3.4m crime proceeds
2017-7-13
A former sales manager of a gift trading company appeared at the Kowloon City Magistracy today (July 13) after being charged by the ICAC with laundering over HK$3.4 million in crime proceeds in relation to 50 false production orders.
Leong Kim-iong, 45, former sales manager of Logojets International Limited (Logojets), who was charged on Tuesday (July 11), faced two charges of dealing with property known or believed to represent proceeds of an indictable offence, contrary to Section 25(1) of the Organized and Serious Crimes Ordinance.
No plea was taken today. Principal Magistrate Mr Peter Law Tak-chuen transferred the case to the District Court for plea on August 3 this year.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offence.
At the material time, the defendant was a sales manager of Logojets, a Mainland company engaged in gift trading business. He was responsible for sourcing gift orders from clients and placing production orders with suppliers.
It was alleged that the defendant used 50 false gift production orders to defraud Logojets of two sums of money, namely over HK$3.1 million and more than HK$310,000, which were subsequently remitted from the Mainland to his two personal bank accounts in Hong Kong respectively.
The charges alleged that between November 23, 2012 and November 26, 2014, the defendant dealt with the two sums of money totalling over HK$3.4 million, knowing or having reasonable grounds to believe that the sums of money in whole or in part directly or indirectly represented the proceeds of indictable offences.
The defendant was granted cash bail of HK$30,000, and ordered not to interfere with prosecution witnesses.
Logojets had rendered full assistance to the ICAC during its investigation.
The prosecution was today represented by ICAC officer William Tam.
Leong Kim-iong, 45, former sales manager of Logojets International Limited (Logojets), who was charged on Tuesday (July 11), faced two charges of dealing with property known or believed to represent proceeds of an indictable offence, contrary to Section 25(1) of the Organized and Serious Crimes Ordinance.
No plea was taken today. Principal Magistrate Mr Peter Law Tak-chuen transferred the case to the District Court for plea on August 3 this year.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offence.
At the material time, the defendant was a sales manager of Logojets, a Mainland company engaged in gift trading business. He was responsible for sourcing gift orders from clients and placing production orders with suppliers.
It was alleged that the defendant used 50 false gift production orders to defraud Logojets of two sums of money, namely over HK$3.1 million and more than HK$310,000, which were subsequently remitted from the Mainland to his two personal bank accounts in Hong Kong respectively.
The charges alleged that between November 23, 2012 and November 26, 2014, the defendant dealt with the two sums of money totalling over HK$3.4 million, knowing or having reasonable grounds to believe that the sums of money in whole or in part directly or indirectly represented the proceeds of indictable offences.
The defendant was granted cash bail of HK$30,000, and ordered not to interfere with prosecution witnesses.
Logojets had rendered full assistance to the ICAC during its investigation.
The prosecution was today represented by ICAC officer William Tam.