SME director gets 30 months' jail for HK$102.5m bank loans fraud
ICAC, 20-Aug-2024
The fraud was facilitated by the HK Government's interventionist corporate welfare schemes in which taxpayers guarantee loans to businesses. He was acting for an unnamed "mastermind of the scheme" whom the ICAC does not identify.

• Orgs
  • BANK OF CHINA (HONG KONG) LIMITED
  • CITIBANK (HONG KONG) LIMITED
  • CMB WING LUNG BANK LIMITED
  • DAH SING BANK, LIMITED
  • DBS BANK (HONG KONG) LIMITED
  • HKSAR Trade and Industry Department
  • HONG KONG MORTGAGE CORPORATION LIMITED (THE)
  • HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (THE)
  • INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED
• People
  • Chan, Desmond Chi Hung 陳志鴻
• Topics
  • Government intervention

Ex-HSBC employee charged with conspiracy to accept bribes
ICAC, 8-Sep-2021
Allegedly, a friend controlled two borrowing companies that were held by nominees. Waty International Co Ltd was incorporated on 23-Jul-2005 and Mondex International Industries Ltd was incorporated on 22-Nov-2006. The loans were granted in 2012.

• Orgs
  • HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (THE)
  • HSBC HOLDINGS PLC
  • Waty International Co. Limited
• People
  • Tsang, Kin Man (1975) 曾建文