Former finance company branch manager Kwok On-fat has been jailed four and a half years by the District Court for accepting $10 million in bribes for granting loans to a village house developer.

Kwok, 50, was formerly employed by AIG Finance (Hong Kong), previously known as SPC Credit. Between October 1990 and December 1999, Kwok conspired with a village house developer to accept bribe payments on separate occasions. The $10 million in payments were reward for granting the developer various loans, including 10 totalling more than $22 million.

Kwok left Hong Kong in May 2002. He was arrested in Los Angeles by the US Marshals Service on October 27 last year at the Hong Kong Government's request and escorted back to Hong Kong on January 3.

He was found guilty of two counts of conspiracy to accept advantages as an agent and one of conspiracy to defraud.