A former senior merchandising manager of a knitwear manufacturing company has been charged by the ICAC today (September 18) with fraud by falsely representing that accessories were required from two suppliers on the Mainland, thereby inducing the company to approve payments totalling Renminbi 1.7 million to the suppliers.

Vincent Ngan Wai-shing, 48, former senior merchandising manager of Peninsula Knitters Limited (PKL), faces one count of fraud, contrary to Section 16A of the Theft Ordinance.

The defendant will appear in the West Kowloon Magistracy on Thursday (September 20) for transfer to the District Court for plea.

The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offence.

At the material time, the defendant was employed by PKL as senior merchandising manager. Heading one of the sales teams, he was responsible for negotiating prices with clients and obtaining quotations from suppliers.

The charge alleges that between an unknown day in June 2011 and August 25, 2015, the defendant falsely represented to PKL that accessories as stated on the outsourcing application forms were required for production, and with intent to defraud, induced PKL to approve ordering the accessories, which resulted in benefit to two suppliers on the Mainland or prejudice to PKL.

As a result of the alleged false representation, PKL was induced to pay a total of over Renminbi 1.7 million to the two suppliers.

PKL has rendered full assistance to the ICAC during its investigation into the case.

The defendant has been released on ICAC bail, pending his court appearance on Thursday.