A former consultant of a listed company, formerly known as Surge Recreation Holdings has been jailed a year by the District Court for stealing $2 million from the company.

Tyrone Chan, 42, was earlier found guilty of one count of theft.

The company had maintained an account with Wing Hang Bank, while Chan and Li Tat-ting, former chairman of Surge, were authorised signatories of the account.

On August 14, 2002, Chan and Li jointly signed a cash cheque with no payee's name for $2 million.

Li told the company's chief accountant that the $2 million was used by the company's subsidiary on the Mainland. But the money was transferred to the accounts of Chan's close relatives or companies under his control.

Li, 52, failed to report for bail on June 20 last year. A warrant was issued for his arrest.