Family Of Three Jailed For HK$40mn Bonjour Fraud
"); jQuery("#212 h3").html("

"); });
2019-03-27 HKT 16:41
A couple and their son have been sentenced to between six-and-a-half and 11 years in prison after being convicted of defrauding the cosmetics retailer Bonjour out of HK$40 million.
The High Court heard how Kiu Mei-ling, a human resources manager for the firm, and her son Ha Ting-pong, who was a deputy manager, channelled money into their personal accounts by inflating the salaries of current or former staff, as well as using other people's identities.
Some HK$27 million was also transferred to Kiu's husband, Ha Wai-shing, even though he had never worked for the company.
The trio began their scam in 2004 and it only came to light in March 2011 when another company manager noticed that a new member of staff appeared to be paid unusually well.
In sentencing, deputy judge Michael Lunn said the defendants lacked integrity and they had betrayed the company's trust.
The police welcomed the ruling, saying the jail sentences pose a strong deterrent effect.
OKI And Hitachi To Launch Joint Venture For ATM And Automated Equipment In October
OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automat... Read more
The Race For Hong Kongs First Stablecoin Licenses Is Almost Over
I’ve been refreshing the Hong Kong Monetary Authority’s register of licensed stablecoin issuers frequently over the... Read more
HTF Securities And Alchemy Pay Expand Hong Kong Type 1 License For Virtual Assets
Alchemy Pay has announced that, in partnership with HTF Securities Limited, it has successfully expanded HTF Securities... Read more
Ping An Digital Bank Rebrands As Deposits Exceed HK$12 Billion
Ping An Digital Bank has introduced a new brand identity, aligning more closely with its parent, Ping An Insurance. The... Read more
Futus PantherTrade Launches Full-Scale Licensed Operations In Hong Kong
Futu has announced that its wholly-owned virtual asset trading platform, PantherTrade, has begun full-scale licensed op... Read more
Mastercard Enables AI Agent To Complete Live Ride-Booking Payment In South Korea
Mastercard has completed a live, authenticated agentic transaction in South Korea, marking a key development in AI-powe... Read more
