A local food company was attacked by ex-employees of its subsidiary who purchased goods with public funds for three years, then secretly resold them for profit, and then forged documents to defraud them of nearly 260 million yuan, and used personal accounts to deal with about 40 million yuan of criminal proceeds.
After investigation, the police arrested six men and women on suspicion of conspiracy to defraud and money laundering.
According to the source, the food company involved was listed in South Africa and had branches around the world. The six arrested men and women were a director, a deputy general manager, an accountant, and three salesmen of the company’s Hong Kong subsidiary. Assistant Manager for Purchasing and other functions.
Those arrested have been released on bail and are required to report to the police in mid-September.
The police received a report from a local food company in November last year, alleging that ex-employees of its subsidiary were suspected of conspiracy to defraud the company's goods for resale for profit and to create false accounts.
Based on information and investigations, the police found that the arrested person used the parent company's funds to purchase goods from suppliers from 2018 to 2021, and then used his position to secretly resell the goods from different channels for profit under various pretexts. Forged false sales receipts to cover up the crime, involving an amount of about $260 million.
Later, the arrested person used his personal account to deal with the proceeds of the crime, involving an amount of about 40 million yuan.
During the operation, officers seized a number of computers, mobile phones and related documents.
Officers from the Commercial Crime Bureau launched operations in various districts in Hong Kong yesterday (11th) and arrested 4 men and 2 women, aged between 34 and 52, on suspicion of "conspiracy to defraud" and "dealing with known or believed to represent an indictable case". the proceeds of crime” (commonly known as “money laundering”).
The police said that all the arrested persons are being detained for investigation, and the investigation is still ongoing, and more arrests cannot be ruled out.
The police also emphasized that conspiracy to defraud and money laundering are serious crimes. Once convicted, they can be sentenced to up to 14 years in prison respectively. Members of the public should not try the law by themselves.