Integrity Focus

A then account supervisor of a party products supplier appeared in the Eastern Magistrates’ Courts today (March 3) after being charged by the ICAC for alleged misappropriation of about $18 million of company funds by forging the signatures on almost 500 cheques. The case was adjourned, pending committal to the High Court for plea.

Tam Chun-fung, 47, then account and administration supervisor of DSL Holding Limited (DSL), faces seven counts of theft, contrary to section 9 of the Theft Ordinance.

No plea was taken today. Principal Magistrate Mr Don So Man-lung adjourned the case to April 28, pending committal to the High Court for plea, and granted bail to the defendant.

The ICAC investigation stemmed from a corruption complaint. At the material time, the defendant was the sole staff member of the accounting department of DSL, a party products supplier. He was responsible for preparing and safekeeping all accounting records and cheques of the company, but he was not a signatory of the bank account of DSL.

The charges allege that between August 2017 and February 2024, the defendant had stolen from DSL various sums of money totalling about $18 million.

ICAC enquiries revealed that the defendant had allegedly made false claims to the company that expenses were incurred for purchasing materials or settling payments with manufacturers, and forged the signatures on almost 500 cheques to withdraw about $18 million in total from the bank account of DSL.

DSL rendered full assistance to the ICAC during its investigation into the case.

The prosecution was today represented by ICAC officer Vincent Ching.