The Independent Commission Against Corruption (ICAC) today (28th) charged a former manager of PCCW Services Limited (PCCW Services), a subsidiary of PCCW Limited, and his mother for allegedly concealing their interests in a supplier and dealing with the proceeds of crime for more than 16 million yuan, which is the payment and service fee paid by the telecommunications company to the supplier.
The two will be brought to the Eastern Magistrates' Court for trial on the 29th.
The Independent Commission Against Corruption (ICAC) today (28th) charged a former manager of PCCW Services Limited (PCCW Services), a subsidiary of PCCW Limited, and his mother for allegedly concealing their interests in a supplier and dealing with the proceeds of crime for more than 16 million yuan.
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There is a potential conflict of interest for the victim to serve two PCCW subsidiaries at the same time
The department pointed out that 44-year-old Zhang Zhuomin, a former manager of PCCW Services, was charged with one count of fraud, violating Section 16A(1) of the Theft Ordinance; his mother, Li Baomei, 65, became Gaoyun Changan Co., Ltd. (Gao Yun Changan) sole proprietorship director and shareholder, was charged with one count of dealing with property known or believed to represent the proceeds of an indictable offence, contrary to section 25(1) of the Organised and Serious Crimes Ordinance.
The agency also pointed out that the case occurred from August 2014 to September 2017.
Zhang Zhuomin was hired by PCCW Services in November 2014 as the manager of the network services team of PCCW Solutions Limited (PCCW Solutions).
PCCW Solutions, another PCCW subsidiary, provides various types of IT and network engineering solutions to its clients.
It is PCCW policy that employees of PCCW and its subsidiaries are required to declare potential conflicts of interest.
It is PCCW policy that employees of PCCW and its subsidiaries are required to declare potential conflicts of interest.
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As a result, PCCW Solutions issued 29 purchase orders with a total value of more than 30 million
The ICAC stated that Gao Yun Changan was recommended by Zhang Zhuomin to be included in the list of approved suppliers of PCCW and its subsidiaries since January 2016.
After that, Zhang Zhuomin caused PCCW Solutions to issue 29 purchase orders to Gaoyun Changan, with a total value of more than 30 million yuan.
Gao Yun Changan was subsequently paid about 8.7 million yuan and about 990,000 US dollars.
One of the charges alleges that Zhang Zhuomin allegedly concealed or failed to disclose to PCCW Services his and/or his family’s interests in Gowin Changan with intent to defraud and induce PCCW Services to include and retain Gowin Changan in its approved supply of goods and services In the register of merchants, and issued a purchase order to Gaoyun Changan.
Another charge alleges that Li Baomei allegedly knew or had reasonable grounds to believe that the above-mentioned approximately $8.7 million and approximately $990,000, in whole or in part, directly or indirectly represented the proceeds of an indictable offence and still dealt with the monies.
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