Company proprietor charged by ICAC gets 22 months’ jail for $3.1m SME guaranteed loan fraud
A company proprietor, charged by the ICAC, was today (October 8) sentenced to an imprisonment of 22 months at the District Court after admitting that he had deceived a bank into approving a loan of $3.1 million under the Special 100% Loan Guarantee (SLG) scheme by making false representations concerning the company’s contributions to the employees’ Mandatory Provident Fund (MPF).