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 From Hong Kong's Information Services Department
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June 21, 2008
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Courts

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Ex PCCW finance director jailed for fraud
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ICAC

The District Court has jailed PCCW's former group finance director Lam Sing-keung for 18 months for conspiracy to defraud the company of over $430,000 in accounting service fees.

 

In sentencing, Deputy Judge Josiah Lam said a custodial sentence was imposed on the defendant as his offence was serious and constituted a breach of trust.

 

Between January 1 and 17, 2005, Lam, 48, conspired with another person to defraud PCCW by falsely representing in a debit note that Baker Tilly Hong Kong had rendered accounting services for PCCW entities on the Mainland in 2004 at the agreed fee for the services rendered, amounting to $432,000.

 

He also submitted a payment request for professional fees charged by Baker Tilly Hong Kong for accounting services on the Mainland for 2004 in the same total amount.

 

As a result of the false representation, PCCW was caused to make payment to Baker Tilly Hong Kong for settling the debit note.