In two separate cases, the Independent Commission Against Corruption (ICAC) has charged a hotel owner and a duo comprising of a former Cyberport manager and the proprietor of a video production company with fraud amounting to more than HK$200 million.
In the first case, the ICAC charged 59-year-old Lau Hei-wing, the owner of The Kimberley Hotel, with defrauding a bank of three loans totalling HK$200 million. He falsely claimed that the loan proceeds would be used for the renovation of the hotel.
Lau, who owns and operates the Tsim Sha Tsui-based hotel through Regent National Enterprises Limited (RNEL), induced the Industrial and Commercial Bank of China (Asia) Limited (ICBC) to release three sums of money to RNEL’s account with the account to be exclusively used for hotel renovation.
ICAC reported that ICBC fully assisted them in the investigation. Lau has been released on bail and appears in court Saturday.
In another case, former Assistant Manager of government-owned Hong Kong Cyberport Management Company Limited (HKCM) Jenny Poon Lok-yan, 39, and the sole proprietor of Video Factory, Ho Chi-kwong, 55, have been charged with fraud in relation to the awarding of over HK$400,000 worth of video production service contracts.
The charge alleged that Poon, who worked at HKCM’s Technology Centre, conspired with Ho to induce HKCM staff to approve the award of video production contracts to Ho’s Video Factory by making false quotations of other video production services, all whilst representing Video Factory as the lowest bidder.
The defendants pleaded not guilty to the charges and were granted cash bail of HK$20,000 each. The ICAC reported that HKCM fully assisted the investigation.