Ex-manager of garment ink company charged with $690,000 payments fraud
2019-3-18
A former manager of a garment ink company has been charged by the ICAC today (March 18) with defrauding the company of over $690,000 by inducing the company to place orders with and/or make payments to a supplier without disclosing her interests in it.
Ho Pui-yin, 39, former business development manager of Perfectos HK Limited (PHK), faces two charges of fraud, contrary to Section 16A of the Theft Ordinance.
The defendant will appear at the West Kowloon Magistracy on Wednesday (March 20) for plea.
The case arose from a corruption complaint. Subsequent enquiries revealed the above alleged offences.
At the material time, the defendant was a business development manager of PHK, which specialised in supplying garment ink designated for the imprinting of ribbons attached to apparel. She was tasked to perform duties, including placing purchase orders for plastic film, a raw material used for imprinting patterns onto garment products, with suppliers on the Mainland for PHK’s clients.
On September 2, 2011, the defendant established Win Yin (HK Group) Limited (Win Yin) and became its sole shareholder-cum-director.
The charges allege that between December 20, 2011 and May 25, 2013, the defendant failed to disclose to PHK her interests in Win Yin while she was an employee of PHK and was under a duty to make full disclosure of any existing or potential conflict of interest to PHK, and with intent to defraud, induced PHK to place orders with Win Yin or another plastic film supplier and make payments to Win Yin, which resulted in benefit to Win Yin or prejudice to PHK. As a result, PHK had paid over $690,000 to Win Yin.
Had the management of PHK been aware of the defendant’s interests in Win Yin, they would not have accepted the purchase orders and made payments to it.
PHK 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 Wednesday.
Ho Pui-yin, 39, former business development manager of Perfectos HK Limited (PHK), faces two charges of fraud, contrary to Section 16A of the Theft Ordinance.
The defendant will appear at the West Kowloon Magistracy on Wednesday (March 20) for plea.
The case arose from a corruption complaint. Subsequent enquiries revealed the above alleged offences.
At the material time, the defendant was a business development manager of PHK, which specialised in supplying garment ink designated for the imprinting of ribbons attached to apparel. She was tasked to perform duties, including placing purchase orders for plastic film, a raw material used for imprinting patterns onto garment products, with suppliers on the Mainland for PHK’s clients.
On September 2, 2011, the defendant established Win Yin (HK Group) Limited (Win Yin) and became its sole shareholder-cum-director.
The charges allege that between December 20, 2011 and May 25, 2013, the defendant failed to disclose to PHK her interests in Win Yin while she was an employee of PHK and was under a duty to make full disclosure of any existing or potential conflict of interest to PHK, and with intent to defraud, induced PHK to place orders with Win Yin or another plastic film supplier and make payments to Win Yin, which resulted in benefit to Win Yin or prejudice to PHK. As a result, PHK had paid over $690,000 to Win Yin.
Had the management of PHK been aware of the defendant’s interests in Win Yin, they would not have accepted the purchase orders and made payments to it.
PHK 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 Wednesday.