Candidates In Postponed Legco Polls Wanted For Fraud
"); jQuery("#212 h3").html("

"); });
2023-01-12 HKT 17:19
Arrest warrants have been issued for two Hongkongers overseas who were running for Legco in 2020 before the government cancelled the polls, with the ICAC accusing the pair of submitting fraudulent election expenses.
A statement issued by the ICAC said Lam Siu-pan and Sum Sung-sheung, both 31, jointly submitted a claim for around HK$68,000 for mobile phones, notebook computers and other digital products.
The Registration and Electoral Office found the claim to be suspicious and rejected it, and also alerted the anti-graft body.
The ICAC said the pair submitted their candidate nomination form just hours before the government cancelled the elections citing the pandemic, adding that two days before this, "information was spread" that such a move was on the cards and that candidates would be reimbursed for their expenses.
The ICAC alleged that some of the items included on the expenses form were bought in the hours after the cancellation was announced on July 31, 2020 and other items were purchased more than a week later, with the relevant invoices backdated.
"Upon completion of the investigation, the ICAC sought legal advice from the Department of Justice, which advised charging the two candidates. As Lam and Sum had already left Hong Kong, warrants for the arrest of them were issued by a magistrate upon the application made by the ICAC," the statement said.
The pair are accused of engaging in corrupt conduct to lodge a false or misleading election return and attempted fraud.
Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity
Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more
BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom
BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more
Webinar: When Account Takeover Moves Past Onboarding
Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more
JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson
JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more
Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term
The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more
Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal
Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more
