Two former executives of separate construction firms were sentenced to 4 years in jail each for their role in letters of credit scam. Photo: Warton Li
Two former executives of separate construction firms were sentenced to 4 years in jail each for their role in letters of credit scam. Photo: Warton Li

Hong Kong court sentences 2 former construction firm executives to 4 years in jail each for role in letters of credit scam

  • Wang Xiaoshan, Lau Chung-hoi involved in scam to apply for three letters of credit from DBS Bank, with total value of transactions reaching HK$75 million
  • Lau also convicted of laundering HK$10.5 million from scam, disqualified from being director of any company for six years

Two former executives of separate construction firms were sentenced to 4 years in jail each for their role in letters of credit scam. Photo: Warton Li
Two former executives of separate construction firms were sentenced to 4 years in jail each for their role in letters of credit scam. Photo: Warton Li
READ FULL ARTICLE