Mart Treasure Investment former shareholder Dai Shu-sing, 52, wanted for defrauding and stealing over $6.3 million from the company, was extradited from Canada last night.

Dai has been wanted by the Independent Commission Against Corruption for defrauding $5 million in relation to a small house development project in the New Territories and stealing over $1.3 million from the company.

He will appear at Eastern Magistracy tomorrow to face one count of conspiracy to defraud and five theft charges.

Dai was arrested in Vancouver in May 2004. The Court of Appeal in British Columbia ordered Dai be returned to Hong Kong to face trial.

From May to November 1997, Dai conspired with former solicitor Peter Chan to defraud Mart Treasure and its shareholders and directors of $5 million in relation to the true purchase price of the project.

Dai also pocketed over $1.3 million from the fraud from October to November 1997. Amid the ICAC investigation, he left for Canada in November 2001. An arrest warrant was issued by a Hong Kong magistrate in September 2003.

Chan, who was also charged in the case, was found guilty of one count of conspiracy to defraud and jailed to for five years in March 2004.