Ex-property exec faces charges over HK$580,000 illegal rebates

Friday, March 15, 2019

A former financial controller of a listed company has been with conspiracy to accept an illegal rebate of over HK$580,000 for engaging an accounting firm to provide services, and defrauding the listed company of more than HK$2 million by outsourcing other services to a consultant firm without disclosing his interests in it, the Independent Commission Against Corruption, said.

Lau Ka-chung, 43, former financial controller cum company secretary of Southeast Asia Properties & Finance Limited, faces two charges – one of conspiracy and one of fraud.

He will appear at the Kowloon City Magistracy next Tuesday for transfer to the District Court for plea.