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ICAC Uncovers Ex-GM of Kingworld Medicine Defrauding HKD1.1M in Service Fees; 3 Jailed for Up to 26 Mths
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An ICAC corruption investigation revealed that a then general manager of Kingworld Medicine Healthcare Limited made false representations regarding consultancy services provided by Asia Great Services Limited operated by his subordinate to defraud the pharmaceutical wholesaler of service fees totaling about $1.1 million, while a business partner of the subordinate had assisted in money-laundering. The trio were yesterday (26th) sentenced at the District Court to jail terms ranging from 10 to 26 months. AASTOCKS Financial News |
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