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The following is issued on behalf of the Mandatory Provident Fund Schemes Authority:
An employer was fined $98,000 at the Kwun Tong Magistracy today (March 9), after being convicted of offences under the Mandatory Provident Fund Schemes Ordinance (Cap. 485).
At Fourteen operated by Gallonton Trading Limited was charged under section 7A(8) of the Ordinance. The defendant was convicted of 12 counts of failing to make MPF contributions for an employee within the prescribed time for the contribution periods between March 2008 and February 2009. The defendant was fined $98,000.
The Mandatory Provident Fund Schemes Authority (MPFA) today also obtained two orders in the District Court against two employers for payment of outstanding MPF contributions of about $399,000.
The District Court today issued judgments against Asia Intelligence (HK) Limited and Forever Printing Company Limited. The defendants were ordered to pay the MPFA $323,472 and $75,913.04, being mandatory contributions in arrears and surcharges payable to 213 and three employees respectively.
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 ordered the defendants to each pay costs of $930.
Ends/Tuesday, March 9, 2010
Issued at HKT 18:21
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