Thirty-two months’ jail for fraud over $1.6m airfreight order payments
2019-6-21
A former assistant manager of a logistics company, charged by the ICAC, was today (June 21) sentenced to 32 months’ imprisonment at the District Court after pleading guilty to defrauding the company of airfreight order payments totalling over $1.6 million.
Yim Wing-yiu, 40, former assistant manager of Great Master Logistics Company Limited (GML), pleaded guilty to one count of fraud, contrary to Section 16A of the Theft Ordinance.
In sentencing, Judge Eddie Yip Chor-man said the defendant’s fraudulent acts, which aimed to increase cash flow for himself and a company ran by his associate, constituted a serious breach of trust and brought troubles to his former employer.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above offence.
The court heard that at the material time, the defendant was an assistant manager of GML in charge of its airfreight section. He was responsible for negotiating and awarding airfreight orders to logistics companies.
In January 2014, GML received four airfreight orders for delivering goods to Lima, Peru. The defendant subcontracted the four orders to a logistics company but falsely represented to GML that the orders were awarded to Air-Link Logistics Company Ltd (ALL), another logistics company set up by his associate.
After goods were delivered to GML’s clients, the defendant gave details of the four orders to the proprietor of ALL for preparing invoices to demand payment from GML.
Believing that the orders were subcontracted to ALL, GML settled the payments on January 28, 2014.
GML would not have released the payments to ALL had it known the defendant had not engaged the latter to deliver the orders, the court was told.
GML had rendered full assistance to the ICAC during its investigation into the case.
The prosecution was today represented by Senior Public Prosecutor Rosa Lo, assisted by ICAC officer Thomas Ho.
Yim Wing-yiu, 40, former assistant manager of Great Master Logistics Company Limited (GML), pleaded guilty to one count of fraud, contrary to Section 16A of the Theft Ordinance.
In sentencing, Judge Eddie Yip Chor-man said the defendant’s fraudulent acts, which aimed to increase cash flow for himself and a company ran by his associate, constituted a serious breach of trust and brought troubles to his former employer.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above offence.
The court heard that at the material time, the defendant was an assistant manager of GML in charge of its airfreight section. He was responsible for negotiating and awarding airfreight orders to logistics companies.
In January 2014, GML received four airfreight orders for delivering goods to Lima, Peru. The defendant subcontracted the four orders to a logistics company but falsely represented to GML that the orders were awarded to Air-Link Logistics Company Ltd (ALL), another logistics company set up by his associate.
After goods were delivered to GML’s clients, the defendant gave details of the four orders to the proprietor of ALL for preparing invoices to demand payment from GML.
Believing that the orders were subcontracted to ALL, GML settled the payments on January 28, 2014.
GML would not have released the payments to ALL had it known the defendant had not engaged the latter to deliver the orders, the court was told.
GML had rendered full assistance to the ICAC during its investigation into the case.
The prosecution was today represented by Senior Public Prosecutor Rosa Lo, assisted by ICAC officer Thomas Ho.