Ex-vice president of bank charged with false claim of meal expenses
2019-7-16
A former first vice president of a bank has been charged by the ICAC today (July 16) with using eight receipts of five eateries containing false information to claim meal expenses totalling over $16,000 from the bank.
Wang Zheng, 40, former first vice president of East West Bank, faces eight counts of agent using document with intent to deceive her principal, contrary to Section 9(3) of the Prevention of Bribery Ordinance.
The defendant will appear in the Eastern Magistracy on Thursday (July 18) for plea.
At the material time, the defendant was a first vice president of East West Bank. Working in the wealth management department, the defendant was responsible for providing banking services to clients. She was entitled to apply for reimbursement of meal expenses incurred in meetings with clients.
The eight charges allege that between April 2016 and May 2017, the defendant, with intent to deceive the bank, used eight receipts purportedly issued by five eateries and containing statements which were false, to mislead the bank that meal expenses ranging from about $1,340 to about $2,950, totalling over $16,000, had been incurred at the eateries.
The East West Bank has rendered full assistance to the ICAC during its investigation into the case.
The defendant has been released on ICAC bail, pending her court appearance on Thursday.
Wang Zheng, 40, former first vice president of East West Bank, faces eight counts of agent using document with intent to deceive her principal, contrary to Section 9(3) of the Prevention of Bribery Ordinance.
The defendant will appear in the Eastern Magistracy on Thursday (July 18) for plea.
At the material time, the defendant was a first vice president of East West Bank. Working in the wealth management department, the defendant was responsible for providing banking services to clients. She was entitled to apply for reimbursement of meal expenses incurred in meetings with clients.
The eight charges allege that between April 2016 and May 2017, the defendant, with intent to deceive the bank, used eight receipts purportedly issued by five eateries and containing statements which were false, to mislead the bank that meal expenses ranging from about $1,340 to about $2,950, totalling over $16,000, had been incurred at the eateries.
The East West Bank has rendered full assistance to the ICAC during its investigation into the case.
The defendant has been released on ICAC bail, pending her court appearance on Thursday.