A night of sex with a beautiful woman ended up costing a father-of-four $1.5 million. Kwong Yiu-hong spent a decade on the run from loansharks after the woman seduced him into helping her borrow $200,000. As his debts snowballed, the housing estate manager resorted to stealing from his employer, a court was told. He took more than $1.4 million from Chesterton Petty to keep the loansharks at bay. But his 11-year financial battle culminated in the District Court yesterday when Kwong, 58, admitted theft. The twice-married former journalist fell for the mystery woman's charms when they met in Macau in 1986, defence barrister Christopher Grounds said. The woman begged him to act as a sponsor for the $200,000 loan. Kwong, an assistant editor with Sing Tao Daily at the time, at first refused, but was eventually taken in by the woman's 'beauty and seduction', Mr Grounds said. Two months after the 'passionate' encounter, loansharks demanded $300,000 plus interest. Kwong started moving around Hong Kong to avoid their threats. By 1993, the debt had reached $1.5 million. Kwong, now manager of Tin Shui Wai Estate in Yuen Long, began using tenants' management fees to pay off the loan. Over an 18-month period he stole $1,440,197 from Chesterton Petty, but the company caught up with him in April 1995. Deputy Judge Louis Tong Po-sun adjourned sentencing until July 4 for a background report.