A HEAVY gambler who defrauded companies of millions of dollars worth of goods to pay off debts to loansharks was jailed for a total of five years by the District Court yesterday.
Kwan Po-keung, 32, pleaded guilty to four counts of obtaining property by deception. The offences happened between May 9 and July 1, 1991.
Senior Crown Counsel Evena Chan left a charge of evasion of liability by deception on the file after Kwan pleaded not guilty.
He was jailed for a total of three years for the four charges.
The court heard the defendant issued cheques to three companies to buy thousands of metres of fabric worth more than $7.5 million. The cheques bounced.
Deputy Judge Kwan also activated a one-year suspended sentence imposed on the defendant by another judge on June 28, 1991, a day before he entered into a contract to buy $4 million worth of fabrics from one of the victim companies. The one-year jail term is to run consecutively with the three-year term.
