A former employee of a bank, charged by the ICAC, today (January 23) admitted at the Kowloon City Magistrates’ Courts that she had accepted a bribe for referring a client to the proprietor of a lending referral agency without permission and arranged clients to apply for mortgage loans with another bank to defraud the latter of referral fees.

A then Police Sergeant, charged by the ICAC, today (January 23) admitted at the West Kowloon Magistrates’ Courts that he had applied for continued service beyond retirement age and deceived the Hong Kong Police Credit Union (HKPCU) into granting him a loan of over $60,000 by concealing his personal debts.

An intermediary, the operator and proprietor of a Small and Medium Enterprise (SME) engaging in jewellery business and two others were charged by the ICAC today (January 22) with conspiracy to defraud and conspiracy to launder crime proceeds, following a corruption investigation which revealed that the intermediary had allegedly advised the SME duo to submit false payroll records which induced a bank to grant two loans totalling $6 million under the Special 100% Loan Guarantee (SLG) scheme.

Five employees of a logistics company were charged by the ICAC today (January 21) for allegedly deceiving the company into paying service charges totalling over $4.5 million by concealing their interests in various light goods vehicles (LGVs) and arranging others to use those LGVs to take up delivery orders of the company.