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Thursday, Apr 15, 2021

Anti-corruption body charges bank officer and his mother with fraud

Anti-corruption body charges bank officer and his mother with fraud

The Independent Commission Against Corruption (ICAC) has charged a bank officer and his mother who worked at a Chinese restaurant with conspiracy to defraud the bank of an incentive by causing co-workers of the mother to open payroll accounts with the bank.
The 30-year-old business development officer of Standard Chartered Bank and his 56-year-old mother who works as the shop manageress of Majesty Seafood Restaurant jointly face one count of conspiracy to defraud and will appear at the Eastern Magistrates' Courts tomorrow.

ICAC inquiries revealed that four co-workers of the mother and a customer of Majesty Seafood were allegedly caused to open accounts with Standard Chartered Bank.

Without the authorization of the five account holders, sums of money were transferred into their accounts from the mother's personal account and then transferred out. The bank officer was hence paid an extra quarterly incentive totaling HK$4,520, according to the ICAC.
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