Agents in fraud case

Agents in fraud case TWO real estate agents conspired to defraud the purchasers and vendors of a Sai Kung flat to make a profit of about $80,000, San Po Kong Court heard.

Lee Hon-hung, 34, and Hui Kwok-wai, 24, of Josefin Properties Agency, persuaded the vendor to sell the Ho Chung flat for $600,000 in June last year when a purchaser was willing to pay $700,000.

They asked a friend, to buy the property from the vendor for $600,000 and sell it to the purchaser for $700,000. The pair admitted conspiracy to defraud.

Magistrate Patrick Li adjourned sentencing.