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Middle-aged Han said that introducing business to defraud local company involved 67 million in prison for 8 and a half years

2021-01-19T11:05:41.714Z


The middle-aged Han was suspected of conspiring to defraud a local company. He first told the company that he could help it expand its business in the Mainland. He also said that he could introduce local electronic component suppliers and mainland buyers to the victim. The victim only needs to ask the supplier


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Written by: Zhu Dixin

2021-01-19 18:53

Last update date: 2021-01-19 18:53

The middle-aged Han was suspected of conspiring to defraud a local company. He first told the company that he could help it expand its business in the Mainland. He also said that he could introduce local electronic component suppliers and mainland buyers to the victim. The victim only needs to ask the supplier Buying goods and reselling them to mainland buyers introduced by him can make a profit.

After the victim company conducted 31 transactions involving 67 million yuan, it was discovered that the last 10 transactions failed to recover more than 26.5 million payment before they were cheated.

After investigation, the police found that these transactions did not exist, and most of the amounts involved fell into the accounts of the middle-aged man.

The middle-aged Han was convicted in the High Court earlier, and today (19th) he was sentenced to 8 years and 6 months in prison.

The defendant Tan Haoneng, 46 years old.

He was convicted of conspiring to defraud Bidatong Ltd. by dishonest means between February 2014 and April 2015.

Proactively introduce suppliers and buyers

The facts of the case revealed that during the incident, the defendant conspired to falsely claim to the person in charge of the victim company that he could introduce mainland customers to the company to help it expand its mainland business.

The defendant asked the victim company to purchase related electronic products from designated local electronic component suppliers, claiming that these products could be resold to six mainland buyers, and each transaction could earn a 3% profit.

I found out that I was cheated after failing to collect the payment

During the period of the incident, the victim company conducted 31 transactions with the parts supplier and 6 mainland buyers, involving approximately HK$67 million.

After the last 10 transactions, the victim company delivered the purchased electronic parts to the mainland buyer in accordance with the regulations, but failed to receive the 26.5 million Hong Kong dollars due from the buyer, and then lost contact with the defendant.

When the victim company claimed the arrears from the relevant mainland buyer, it was discovered that the relevant transaction never existed, and the victim company reported the case in December 2015.

Chief Inspector of the Commercial Crime Bureau, Chen Rihuai (pictured left), believes that court sentences are deterrent.

(New photo by Zhu Di)

After investigation, the transaction did not exist

After in-depth investigation, the officers of the Commercial Crime Investigation Bureau found that the order received by the victim company via email was sent from the defendant’s work place and the server of the designated local electronic component supplier, and the relevant transaction did not exist.

Most of the money paid by the victim company to the parts supplier was eventually deposited into the defendant’s account, involving more than HK$18 million.

The designated warehouses and suppliers of mainland buyers were all manipulated by the defendant.

The police took action in February 2016 and arrested the defendant.

The defendant was found guilty after trial.

The police consider the sentence to be deterrent

Chen Rihuai, Chief Inspector of the Commercial Crime Investigation Bureau, said after his sentence that he welcomes the court’s sentence and believes that the sentence reflects the seriousness of the case and has a deterrent effect.

Case Number: HCCC116/2018

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Fraud court

Source: hk1

All news articles on 2021-01-19

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