A COMPANY director who stole $1.52 million worth of goods from his firm and fabricated documents to cover up the crime was sentenced to three years' jail yesterday. Lam Chi-tin, 29, pleaded guilty to 14 charges of stealing electronic components from Parkriver Electronics Limited and another 14 charges of false accounting. During the period between March 1991 and July 1992, Lam asked his secretary to produce invoices for 14 non-existent transactions. He later sold some of the stolen electronic parts under the name Artic Electronics Company in which he was a partner, prosecutor Maggie Yeung said. Lam, a former director and one of three shareholders of Parkriver Electronics Limited, also issued cheques as payment on behalf of other companies. Defence counsel David Tolliday-Wright told Deputy Judge Geiser in the District Court that Lam had stolen the electronic components in order to pay back a $70,000 debt to another company. Deputy Judge Geiser ruled that Lam had to serve three years for each charge concurrently.
