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The following is issued on behalf of the Mandatory Provident Fund Schemes Authority:
A Mandatory Provident Fund (MPF) scheme member was convicted today (March 15) and fined $6,000 at the Kwun Tong Magistracy for breaching section 43E(1) of the Mandatory Provident Fund Schemes Ordinance (the Ordinance) by making a false and misleading statement in documents to an MPF trustee.
According to the prosecution, the defendant Ng Kin Yan applied to an MPF trustee on July 6, 2009 for early withdrawal of his MPF accrued benefits on the grounds of permanent departure. Investigation by the Mandatory Provident Fund Schemes Authority (MPFA) found that the defendant had recklessly provided a false and misleading statement in claiming that he had not previously claimed payment of accrued benefits on the ground of permanent departure on an earlier departure date.
Meanwhile, an employer was fined $36,000 at the Kwun Tong Magistracy today after being convicted of offences under the Ordinance.
Grand Regent International Investment Limited (BR no.: 20077677) was charged with an offence under section 7(1) of the Ordinance. The defendant pleaded guilty to a count of failing to enrol an employee in an MPF scheme as required by the Ordinance and was fined $6,000 for the summons.
Grand Regent International Investment Limited was also charged with an offence under section 7AA(7) of the Ordinance. The defendant pleaded guilty to seven counts of failing to make MPF contributions to the MPFA for an employee who was not a member of a registered scheme within the prescribed time for the contribution periods from January to July 2010. The defendant was fined $3,000 for the first summons and $4,000 for each of the remaining six summonses, totalling $27,000.
Grand Regent International Investment Limited was also charged with an offence under section 7A(8) of the Ordinance and pleaded guilty to a count of failing to make MPF contributions for an employee within the prescribed time for the contribution period of August 2010. The defendant was fined $3,000 for the summons.
Ends/Tuesday, March 15, 2011
Issued at HKT 17:53
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