The ICAC had earlier charged two former bank managers for allegedly conspiring with an employee of a fintech company to use various false standby letters of credit (L/Cs) and collateral letters. Pursuant to the further legal advice of the Department of Justice upon completion of investigation by the ICAC, an additional bribery charge was laid against one of the duo while the indictment in relation to the two counts of conspiracy to use false instruments were amended when the case was brought to the Eastern Magistrates’ Courts for mention today (June 5). The additional charge alleged that the defendant had accepted cryptocurrency worth over US$470,000 from the fintech company employee, a middleman and others for authenticating false instruments. The case will be transferred to the District Court.

A then Assistant Officer of the Correctional Services Department (CSD), charged by the ICAC, was today (June 5) sentenced to 10 months’ imprisonment at the Eastern Magistrates’ Courts for deceiving the Correctional Services Department Credit Union (CSDCU) and three financial institutions into granting him loans totalling over $890,000 in a span of three years by concealing his personal outstanding liabilities.

Two former employees of a printing company and the wife of one of them were charged by the ICAC yesterday (June 3) for allegedly deceiving the company into engaging a relative to provide delivery services and making payments totalling about $6.6 million by concealing conflicting interest for personal gain of about $1.2 million.

In the 8th ICAC Symposium hosted in May last year, ICAC Commissioner Woo Ying-ming, in his capacity of President of the International Association of Anti-Corruption Authorities (IAACA), announced the adoption of the “Hong Kong Declaration on Strengthening International Cooperation in Preventing and Fighting Corruption” (Hong Kong Declaration), calling on international counterparts to stand united in the mission to eradicate corruption. Over the past year, anti-corruption agencies (ACAs) around the world had significantly advanced their efforts in implementing initiatives align with framework of the Hong Kong Declaration, achieving significant achievements.

A then senior sales executive of a groceries supplier, charged by the ICAC, today (May 30) admitted at the District Court that he has made false representations about the orders placed by various clients to induce the supplier to release goods worth totalling over $12 million in nine months and resold them for personal gain.

A former Inspector of the Customs and Excise Department (C&E), charged by the ICAC, today (May 29) admitted at the Eastern Magistrates’ Courts that he had concealed his non-compliance of the relevant live-in requirement under the Home Financing Scheme (HFS) for civil servants to deceive the government into granting him housing allowance totalling over $1.5 million.

A then manager of a company, charged by the ICAC for soliciting a bribe of $2 million to $3 million from a business partner for assisting the latter to resolve a business dispute between the two companies on terms most favourable to the partner, was today (May 27) found guilty after trial at the Eastern Magistrates’ Courts.

An ICAC investigation earlier revealed that an insurance agent had defrauded an insurer of commissions and bonuses totalling over $1.6 million by making false representations that six clients had taken out various insurance policies. The insurance agent, convicted of fraud after trial, was today (May 27) sentenced to 51 months’ imprisonment at the District Court.

A then foreman of a subcontractor of the Terminal 2 expansion works of the Hong Kong International Airport, charged by the ICAC, today (May 26) admitted at the West Kowloon Magistrates’ Courts that he had solicited and accepted bribes totalling about $16,000 from three bar-benders for assisting them to continue their employment and assigning overtime work to earn extra payments.

A former coordinator of a logistics company, charged by the ICAC, was today (May 22) sentenced to 31 months’ imprisonment at the District Court for deceiving his then employer into placing air cargo space orders worth totalling over $9.1 million with carriers’ agents via two intermediaries associated with him and obtaining personal gain of over $1.2 million in total by concealing his conflicting interest.