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 From Hong Kong's Information Services Department
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October 4, 2005
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Crime
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5 arrested in department store scam
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ICAC

Five people have been arrested, including a department store manager and analyst programmer, for bribery and fraud.

 

Also arrested in yesterday's Independent Commission Against Corruption operation were directors of two suppliers and a staff member of a third.

 

The programmer, responsible for seeking quotations from computer suppliers and making purchase recommendations, allegedly inflated quotations, offering at least $100,000 in bribes to the manager for approving them. They then allegedly submitted false invoices to defraud the store.

 

The programmer allegedly pocketed price differences totalling $500,000 between March 2004 and last May from the purchase of computer and related equipment worth $2.2 million.

 

Inquires are continuing.