Recent ICAC Cases

03
Mar 2021
Ex-manager of private wet market charged with bribery and theft involving $230,000

A former manager of a private wet market was today (March 3) charged by the ICAC with accepting bribes totalling $34,000 from two tenants over stall leasing matters, and stealing rents and interest payments amounting to a total of over $193,000 from three other tenants.

Yip Wing-shing, 60, former market manager of Capital Mark Investment Limited (Capital Mark), faces 16 charges – two of agent accepting an advantage, contrary to Section 9(1)(a) of the Prevention of Bribery Ordinance; and 14 of theft, contrary to Section 9 of the Theft Ordinance.

The defendant will appear at the Shatin Magistrates’ Courts on Friday (March 5) for the case to be transferred to the District Court for plea.

Capital Mark is the operator of the wet market of Sunshine City Plaza in Ma On Shan. A tenant is required to pay an accrued interest if he fails to pay rents on or before the due date.

At the material time, the defendant was a market manager of Capital Mark. He was responsible for the daily operation of the aforesaid wet market, including handling tenancy matters and collecting rents and interest payments from tenants.

One of the bribery charges alleges that on September 18, 2018, the defendant, without lawful authority or reasonable excuse, accepted $9,000 from an electrician as an inducement to or reward for referring a stall of the wet market to the latter for subleasing.

Another bribery charge alleges that on January 19, 2019, the defendant, without lawful authority or reasonable excuse, accepted $25,000 from a restaurant operator as an inducement to or reward for referring another stall of the wet market to the latter to rent.

The remaining 14 charges allege that between January 2, 2018 and November 19, 2019, the defendant stole over $193,000 in total, each ranging from $5,000 to about $30,000, from three other tenants, namely another restaurant operator, a fish stall owner and a fruit stall owner.

ICAC enquiries revealed that the sums involved rents and interest payments allegedly collected by the defendant from the three tenants.

Capital Mark has rendered full assistance to the ICAC during its investigation into the case.

The defendant has been released on ICAC bail, pending his court appearance on Friday.

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