7th December 2021 – (Hong Kong) The Independent Commission Against Corruption today (7th) filed a lawsuit against a former manager of Shanghai Commercial Bank, accusing him of receiving bribes totalling approximately HK$60,000 from two customers to assist them in buying and selling stocks. The defendant has been released on bail pending a plea in West Kowloon Magistrates’ Courts this Thursday (9th).
The defendant Lam Man-leung (48 years old) was charged with two counts of conspiracy to get an agent to accept benefits, violating section 9(1)(a) of the Prevention of Bribery Ordinance and section 159A of the Criminal Offences Ordinance. He was the manager of the securities department of a branch of Shanghai Commercial Bank at the time of the incident. His responsibilities included accepting stock trading instructions from customers and providing investment advice upon customer requests. After completing the transaction, he would not receive any commissions or rewards from the bank. One of the charges alleges that the defendant was suspected of conspiring with a customer of Shanghai Commercial Bank between December 2016 and December 2019, causing the defendant to collect approximately HK$10,000 from the other party without legal authority or reasonable excuse as an incentive or reward to assist the other party in buying and selling stocks.
The other charge is that the defendant was suspected of conspiring with another customer of Shanghai Commercial Bank between January 2007 and December 2010, causing the defendant to collect about 50,000 Hong Kong dollars from the other party without legal authority or reasonable excuse.