Two men who used false invoices to defraud stakeholders in a Tuen Mun development of HK$484 million were jailed yesterday, one for five years and one for four.
The former managing director of Gold Face Holdings, Tai Chi-wah, 50, and company director Lim Hau-chun, 53, received three concurrent four-year sentences for creating fraudulent invoices relating to the Villa Pinada development.
The pair were found guilty by a jury in the Court of First Instance on June 28 of three counts each of conspiracy to defraud.
Tai was also found guilty of five counts of furnishing false instruments to the auditors of Gold Face subsidiary True Gold Investments.
Mr Justice Peter Nguyen sentenced him to four concurrent sentences of one year over those charges.
The jury had been unable to decide on Lim's guilt regarding the provision of the false instruments and those charges have been left on the court file.