Jivcons Man Wai-kit, a former Assistant Officer of the Correctional Services Department (CSD), admitted to defrauding the Correctional Services Department Credit Union (CSDCU) and three financial institutions out of over $890,000 in loans by concealing his existing liabilities. Charged with nine counts of fraud under section 16A of the Theft Ordinance, he misled lenders by falsely declaring that he had fully disclosed his financial obligations. The case revealed that he had not repaid over $300,000 of the loans. The court has adjourned sentencing to June 3, 2025, while he remains in custody.
Resources: https://www.icac.org.hk/en/p/press/index_id_2106.html