Ex-manager of trading company charged with $600,000 purchase orders fraud
2020-5-29
A former merchandising manager of a trading company was charged by the ICAC yesterday (May 28) with fraud and forgery over gift purchase orders worth totalling over $600,000.
Lam Yau-tak, 37, former merchandising manager of Regent Lane Asia Limited (Regent Lane), faces five charges – one of conspiracy to defraud, contrary to Common Law; and four of forgery, contrary to Section 71 of the Crimes Ordinance. He also faces an alternative charge of forgery.
The defendant will appear at the Kwun Tong Magistrates’ Courts next Monday (June 1) for plea.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offences.
Regent Lane is a trading company which sources gift items for its clients. At the material time, the defendant was its merchandising manager responsible for sourcing suppliers and preparing purchase orders. All purchase orders to be issued to suppliers must be checked and signed by an authorised representative of Regent Lane.
Kenwell Industrial (China) Limited (Kenwell) was a trading company set up in late 2015 by a sales manager of a ceramic supplier of Regent Lane. Through the introduction of the defendant, Kenwell also became a supplier of Regent Lane.
One of the charges alleges that between September 5 and November 2, 2017, the defendant conspired together with the Kenwell operator to defraud Regent Lane by dishonestly falsely representing to Regent Lane that bottle openers stated on a purchase order were supplied by Kenwell at over $84,000, and causing Regent Lane to settle payment with Kenwell.
The alternative charge alleges that on or about October 20, 2017, the defendant made a false instrument, namely the aforesaid purchase order for bottle openers, purported to be duly signed by an authorised representative of Regent Lane, with the intention to use it to induce somebody to accept it as genuine.
Four other charges allege that about between July 5 and August 22, 2017, the defendant made four other purchase orders, purported to be duly signed by the aforesaid authorised representative of Regent Lane, with the intention to use them to induce somebody to accept them as genuine.
It is alleged that the four purchase orders worth totalling about $520,000 were related to procurement of ceramic mugs, thermal flasks, food jars and lunch boxes.
Regent Lane 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 next Monday.
Lam Yau-tak, 37, former merchandising manager of Regent Lane Asia Limited (Regent Lane), faces five charges – one of conspiracy to defraud, contrary to Common Law; and four of forgery, contrary to Section 71 of the Crimes Ordinance. He also faces an alternative charge of forgery.
The defendant will appear at the Kwun Tong Magistrates’ Courts next Monday (June 1) for plea.
The case arose from a corruption complaint. Subsequent ICAC enquiries revealed the above alleged offences.
Regent Lane is a trading company which sources gift items for its clients. At the material time, the defendant was its merchandising manager responsible for sourcing suppliers and preparing purchase orders. All purchase orders to be issued to suppliers must be checked and signed by an authorised representative of Regent Lane.
Kenwell Industrial (China) Limited (Kenwell) was a trading company set up in late 2015 by a sales manager of a ceramic supplier of Regent Lane. Through the introduction of the defendant, Kenwell also became a supplier of Regent Lane.
One of the charges alleges that between September 5 and November 2, 2017, the defendant conspired together with the Kenwell operator to defraud Regent Lane by dishonestly falsely representing to Regent Lane that bottle openers stated on a purchase order were supplied by Kenwell at over $84,000, and causing Regent Lane to settle payment with Kenwell.
The alternative charge alleges that on or about October 20, 2017, the defendant made a false instrument, namely the aforesaid purchase order for bottle openers, purported to be duly signed by an authorised representative of Regent Lane, with the intention to use it to induce somebody to accept it as genuine.
Four other charges allege that about between July 5 and August 22, 2017, the defendant made four other purchase orders, purported to be duly signed by the aforesaid authorised representative of Regent Lane, with the intention to use them to induce somebody to accept them as genuine.
It is alleged that the four purchase orders worth totalling about $520,000 were related to procurement of ceramic mugs, thermal flasks, food jars and lunch boxes.
Regent Lane 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 next Monday.