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The Mandatory Provident Fund Schemes Authority (MPFA) today (January 31) obtained two orders in the District Court for payments of outstanding MPF contributions of $530,000 against two employers.
The District Court today issued judgments against two employers - Hoi Fung Watch Case Manufacturing Company Limited and Bucarwa Company Limited. The defendants were ordered to pay the MPFA the respective sums of $327,231.2 and $213,691.11, being mandatory contributions in arrears and surcharges payable to four and two employees.
The Adjudicator also ordered Bucarwa Company Limited to pay the MPFA $5,000 being a financial penalty imposed by the MPFA for failure to make MPF contributions for employees.
The amounts awarded at the District Court will be reimbursed to the employees' MPF accounts as soon as they are received by the MPFA. The District Court further awarded payments of $930 each for the District Court cases.
Ends/Wednesday, January 31, 2007
Issued at HKT 17:28
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