Recent ICAC Cases

Jun 2022
ICAC probe reveals ex-money exchange branch manager uses false documents over $7.6m remittance

The ICAC today (June 15) charged a former branch manager of a currency exchange company with using remittance application forms containing false information to deceive the company that a customer had settled the remittance amount in full before remitting a total of $7.6 million.

The investigation arose from a corruption complaint. Upon completion of the investigation, the ICAC sought legal advice from the Department of Justice, which advised charges be laid against the defendant.

Au Yeung-hin, 28, former branch manager of Hui’s Brothers Foreign Currency Exchange Company Limited (Hui’s Brothers), faces 10 counts of agent using document with intent to deceive his principal, contrary to Section 9(3) of the Prevention of Bribery Ordinance.

The defendant was released on ICAC bail, pending his appearance in the West Kowloon Magistrates’ Courts on Friday (June 17) for plea.

At the material time, the defendant was a branch manager of Hui’s Brothers. He was responsible for overseeing the operation of a branch in Tsuen Wan. When handling a remittance, staff members of the branch were required to submit to Hui’s Brother a remittance application form containing details of a remittance. According to the company’s policy, a remittance would only be processed after a customer had settled the remittance amount in full.

The charges allege that on 10 occasions between November 23, 2020 and January 4, 2021, the defendant, with intent to deceive Hui’s Brothers, used 17 remittance application forms each containing a false statement that the remittance amount had been settled by cash by the remitter.

ICAC investigation revealed that the above remittance application forms involved 17 remittances of a customer totalling $7.6 million. It is alleged that the customer did not settle the remittance amount in full in advance, and made a partial payment after Hui’s Brothers handled each remittance.

Hui’s Brothers has rendered full assistance to the ICAC during its investigation into the case.

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