Fraud gang convicted

FOUR members of a $1.5 million fraud ring were found guilty in the District Court yesterday on the evidence of the mastermind behind the swindle.

Three of the defendants were marketing executives with Chevalier (Business Machines) Ltd. The fourth was a businessman.

They were convicted by Deputy Judge Yung who said he accepted the evidence of ringleader Lam Siu-ming.

Lam pleaded guilty on August 7, 1992, to obtaining property by deception and using a forged instrument. He was sentenced to four years' jail.

Lam said that the defendants agreed to take part in a plot to cheat Chevalier out of mobile telephones.

Deputy Judge Yung rejected a claim by the four men that Lam had framed them in order to protect the real culprits.