Recent ICAC Cases

25
May 2021
Property agent charged with bribing supervisor over property transactions

A property agent was today (May 25) charged by the ICAC with offering bribes totalling over $37,000 to his supervisor for naming him as a negotiator in two property transactions.

Lau Tsz-yeung, 29, senior account manager of Centaline Property Agency Limited (Centaline Property), faces two counts of conspiracy to offer an advantage to an agent, contrary to Section 9(2)(a) of the Prevention of Bribery Ordinance and Section 159A of the Crimes Ordinance.

The defendant will appear in the Tuen Mun Magistrates’ Courts on Thursday (May 27) for plea.

At the material time, the defendant was a senior account manager of Centaline Property posted to a branch in Tuen Mun. According to Centaline Property’s policy, when the defendant was a negotiator in a property transaction, he and the manager of the branch would respectively receive a sales commission and an overriding commission.

Centaline Property prohibited branch managers from soliciting or accepting any advantages from their subordinates for arranging them to handle or assist in handling property transactions procured by branch managers.

The charges allege that between January 9, 2018 and February 16, 2019, the defendant conspired together with the aforesaid branch manager to, without lawful authority or reasonable excuse, offer two bribes totalling over $37,000 to the branch manager as an inducement to or reward for the latter to represent to Centaline Property that the defendant was a negotiator in the sale and purchase transactions of two private residential properties in Tuen Mun.

The defendant had allegedly received sales commissions totalling over $91,400 from Centaline Property for the two transactions even though he had no involvement in procuring them.

Centaline Property 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 Thursday.

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