Trio sentenced for conspiracy to defraud
**************************************** Three men convicted of conspiracy to defraud were sentenced to imprisonment ranging from 20 months to five years at the District Court today (October 26).
The court heard that among the trio, a 33-year-old man was the sole proprietor of a company while the other two defendants aged 52 and 54 were the salesmen of the company.
Between May and August 2002, the two salesmen solicited 22 local companies to supply goods, such as handbags, garments, sports shoes, Christmas lights etc. and they issued some post-dated cheques for the purchase of such goods. The total amount involved was about $8.1 million.
The cheques were later confirmed to be dishonoured and the office was found to be vacated at the end of October 2002.
Reports were then made to the Police in November 2002 and Commercial Crime Bureau took over the case for investigation.
The three men were jointly charged with one count of conspiracy to defraud in February 2005. The 52-year-old man pleaded guilty to the charge and the remaining two defendants were convicted at District Court after trials which ended on October 12 and 24, 2005 respectively.
The 52-year-old man was sentenced to 20 months' imprisonment while the other two defendants were each sentenced to five years' imprisonment at the District Court today.
Police Report No.8
**************************************** Three men convicted of conspiracy to defraud were sentenced to imprisonment ranging from 20 months to five years at the District Court today (October 26).
The court heard that among the trio, a 33-year-old man was the sole proprietor of a company while the other two defendants aged 52 and 54 were the salesmen of the company.
Between May and August 2002, the two salesmen solicited 22 local companies to supply goods, such as handbags, garments, sports shoes, Christmas lights etc. and they issued some post-dated cheques for the purchase of such goods. The total amount involved was about $8.1 million.
The cheques were later confirmed to be dishonoured and the office was found to be vacated at the end of October 2002.
Reports were then made to the Police in November 2002 and Commercial Crime Bureau took over the case for investigation.
The three men were jointly charged with one count of conspiracy to defraud in February 2005. The 52-year-old man pleaded guilty to the charge and the remaining two defendants were convicted at District Court after trials which ended on October 12 and 24, 2005 respectively.
The 52-year-old man was sentenced to 20 months' imprisonment while the other two defendants were each sentenced to five years' imprisonment at the District Court today.
Police Report No.8
Ends/Wednesday, October 26, 2005
Issued at HKT 21:16
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