Ex-bank manager charged with HK$98,000 account opening fraud
2018-10-11
A former relationship manager of a bank has been charged by the ICAC with defrauding 11 clients of over HK$98,000 in total by falsely representing to them that they were required to pay a fee in applying for opening a corporate account with the bank.
Ts’o Jing, 28, former relationship manager of the China Citic Bank International Limited (China Citic Bank), who was charged yesterday (October 10), faces 11 charges of fraud, contrary to Section 16A of the Theft Ordinance.
The defendant will appear at the Eastern Magistracy tomorrow (October 12) for plea.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offences.
At the material time, the defendant was a relationship manager of China Citic Bank, who was responsible for, among other duties, handling the opening of corporate accounts for its clients.
The charges allege that between May 20, 2016 and January 18, 2017, the defendant falsely represented to 11 Mainland clients that a corporate account opening fee ranging from HK$5,000 to Renminbi 12,000 was a genuine charge of the bank for account opening application, and with intent to defraud, induced them to pay the fee to him, which resulted in benefit to him or prejudice to them.
As a result of the alleged false representation, the defendant defrauded the clients of over HK$34,700 and Renminbi 57,000 (about HK$64,000) in total in relation to their account opening applications.
The China Citic Bank 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 tomorrow.
Ts’o Jing, 28, former relationship manager of the China Citic Bank International Limited (China Citic Bank), who was charged yesterday (October 10), faces 11 charges of fraud, contrary to Section 16A of the Theft Ordinance.
The defendant will appear at the Eastern Magistracy tomorrow (October 12) for plea.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offences.
At the material time, the defendant was a relationship manager of China Citic Bank, who was responsible for, among other duties, handling the opening of corporate accounts for its clients.
The charges allege that between May 20, 2016 and January 18, 2017, the defendant falsely represented to 11 Mainland clients that a corporate account opening fee ranging from HK$5,000 to Renminbi 12,000 was a genuine charge of the bank for account opening application, and with intent to defraud, induced them to pay the fee to him, which resulted in benefit to him or prejudice to them.
As a result of the alleged false representation, the defendant defrauded the clients of over HK$34,700 and Renminbi 57,000 (about HK$64,000) in total in relation to their account opening applications.
The China Citic Bank 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 tomorrow.