A MERCHANDISER who sold his employer's goods privately and pocketed the proceeds was jailed for 18 months.
Prosecuting counsel Mrs Valerie Penlington told the District Court that Liu Wai-ming, 30, was responsible for purchasing electronic components, machine parts and stationery for LTK Industries Ltd.
Between July 19, 1991, and August 12 last year, he purchased goods for his company, but then sold the goods privately. He also purchased goods using the company's credit.
The offences came to light on August 26 last year when it was discovered that cheques issued by the company to Liu for the purchase of goods had been cashed, but the goods had either not been delivered, or had been delivered but not paid for.
Liu admitted the thefts to directors.
He later wrote to the director stating he would return all the stolen money by August 28. He then disappeared.