Fugitive extradited to Hong Kong

A 44-year-old man wanted for a case of false accounting involving $12.7 million was extradited from the United States to Hong Kong today (December 21).

Initial enquiries revealed that between November and December 1995, the 44-year-old man manipulated four trading companies to obtain about $12.7 million in cash advance from a bank by presenting false shipping documents.

The man further arranged the proceeds to be taken away from these companies' accounts.

The bank subsequently found that the shipping documents were forged and a report was made to the Police on May 13, 1996.

Further investigations showed that the man departed for the United States in January 1997 and had not returned since then.

Upon the request from the Hong Kong Police, the man was arrested in Las Vegas by the US authorities on August 24, 2006 and he was extradited to Hong Kong today (December 21).

He was charged with 14 counts of false accounting and seven counts of procuring the making of an entry in the record of a bank by deception. He will appear in the Eastern Magistrates' Courts tomorrow (December 22).


Police Report No. 9
Issued by PPRB

End/Thursday, December 21, 2006