3. Corruption pitfalls
Video 6 – Soccer buddies
Case analysis
Tommy
- ● It is right and proper for Tommy to reject Chung’s offer of bribes.
- ● He should also report the matter to the management in accordance with the HKMA Supervisory Policy Manual – Code of Conduct. (Please refer to para 2.12 of the Code: Reporting responsibility) This will help protect Tommy from being implicated in Chung’s scam.
Chung
- ● It is a criminal offence for Chung to conspire with the machinery manufacturer to fabricate transactions and defraud the bank of a hire-purchase loan.
- ● Chung commits fraud as he applies for the loan with falsified documents, even without involving any third party.
- ● Chung violates the Prevention of Bribery Ordinance when he offers cash and a watch to Tommy for assistance in the loan application. He will still be liable even if his corrupt purpose has not been carried out and he fails to get the loan.