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Woman jailed for fraud

     A 64-year-old woman was sentenced to six years and eight months' imprisonment for fraud at District Court today (June 28).

     The Court heard that between September and October 2008, the defendant, who was the director of a local trading company, submitted some documents to obtain a total of $15 million of export trade loans from a local bank.

     The company was wound up by the High Court in September 2009. The provisional liquidator suspected the defendant had submitted false documents to obtain the loans, thus made a report to Police.

     Investigations by Commercial Crime Bureau revealed that the invoices and waybills submitted by the defendant were false and the transactions did not exist. Police arrested the woman in January 2011. She was subsequently charged with one count of fraud. She was convicted of the charge earlier and the sentence was handed down today.

     Police will continue to safeguard Hong Kong's safe and stable business environment through detection and prosecution of all types of frauds.

Police Report No.  371

Ends/Friday, June 28, 2013
Issued at HKT 20:55


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