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The following is issued on behalf of the Mandatory Provident Fund Schemes Authority:
The Mandatory Provident Fund Schemes Authority (MPFA) today (February 3) obtained an order for payment of outstanding MPF contributions at about $861,000 against an employer in the District Court.
The District Court today issued judgment against the employer, Vevion Hong Kong Limited. The defendant was ordered to pay the MPFA the sum of $861,602.58, being mandatory contributions in arrears and surcharges payable to 90 employees of the defendant.
The amount 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 ordered the defendant to pay costs of $930.
Ends/Wednesday, February 3, 2010
Issued at HKT 18:06
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