Ex-supervisor charged with accepting $1.2m illegal commission over property transaction
2018-4-16
A former senior sales supervisor of a property agency has been charged by the ICAC today (April 16) with accepting an illegal commission of over $1.2 million from a then downline estate agent in relation to the transaction of a residential property in Central at more than $590 million.
Chan Yu-fat, 68, former senior sales supervisor of Centaline Property Agency Limited (CPA), faces one count of agent accepting an advantage, contrary to Section 9(1)(a) of the Prevention of Bribery Ordinance.
The defendant will appear in the Eastern Magistracy on Wednesday (April 18) for transfer of the case to the District Court for plea.
At the material time, the defendant was a senior sales supervisor of CPA attached to its Commercial Department. He supervised a team of downline estate agents to procure property transactions.
In December 2015, the defendant and a downline estate agent procured the transaction of a residential property in Conduit Road at a consideration of over $590 million.
The charge alleges that on or about June 17, 2016, the defendant, without lawful authority or reasonable excuse, accepted an advantage, namely a sum of over $1.2 million, from the downline estate agent as a reward for involving the latter in providing estate agency services to the purchaser of the residential property.
CPA has rendered full assistance to the ICAC during its investigation.
The defendant has been released on ICAC bail, pending his court appearance on Wednesday.
Chan Yu-fat, 68, former senior sales supervisor of Centaline Property Agency Limited (CPA), faces one count of agent accepting an advantage, contrary to Section 9(1)(a) of the Prevention of Bribery Ordinance.
The defendant will appear in the Eastern Magistracy on Wednesday (April 18) for transfer of the case to the District Court for plea.
At the material time, the defendant was a senior sales supervisor of CPA attached to its Commercial Department. He supervised a team of downline estate agents to procure property transactions.
In December 2015, the defendant and a downline estate agent procured the transaction of a residential property in Conduit Road at a consideration of over $590 million.
The charge alleges that on or about June 17, 2016, the defendant, without lawful authority or reasonable excuse, accepted an advantage, namely a sum of over $1.2 million, from the downline estate agent as a reward for involving the latter in providing estate agency services to the purchaser of the residential property.
CPA has rendered full assistance to the ICAC during its investigation.
The defendant has been released on ICAC bail, pending his court appearance on Wednesday.