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A 47-year-old man was jailed for 12 years for fraud and money laundering at the Court of First Instance today (August 23).
The court heard that the male defendant, who was a senior partner of an international law firm, had misappropriated about $16 million from the firm by forged documents. A report was made to the Police in March 2011.
Investigations by officers of Commercial Crime Bureau revealed that between May 2007 and June 2011, the defendant had defrauded over 100 victims, including clients of the firm and other investors by way of false representations or false instructions. The total amount involved was about $8.5 billion..
The defendant was arrested in June 2011 and subsequently charged with two counts of fraud and one count of money laundering.
The defendant was convicted of the charges and sentenced today.
Police are determined to take enforcement actions against commercial crime in maintaining a safe business environment in Hong Kong.
Police Report no. 441
Ends/Friday, August 23, 2013
Issued at HKT 22:57
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