Ex-Thomson Reuters manager charged with fraud in Hong Kong
Thursday 20 October 2016
A former facilities manager for Thomson Reuters was charged with fraud in Hong Kong for allegedly failing to declare that his father owned a company to which his employer awarded work.
Stephen Lam Wing-on, 39, is accused by anti-graft authorities of helping his father’s firm Skytech Engineering, which was established in January 2007, to get work worth more than HK$19 million (US$2.45 million) over a period of nearly seven years from August 2007 to 14 February 2014.
He will make his first appearance in a Hong Kong court on Friday.
The case arose from a corruption complaint made to the Independent Commission Against Corruption, the city’s anti-graft agency.
It is alleged that Lam failed to declare his father’s business to Thomson Reuters and induced his employer - with the intent to defraud - to include and maintain Skytech on a list of approved suppliers for the provision of goods and services.
The failure to disclose the interest was said to have resulted in gains for Skytech, or caused Thomson Reuters to suffer unfair treatment.
Under Hong Kong’s Theft Ordinance, fraud is punishable by up to 14 years’ imprisonment upon conviction on indictment. ■
- South China Morning Post