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ICAC charges three former HSBC managers in alleged bribe scheme
Hong Kong’s ICAC says one manager allegedly took HK$35,000 total to let referred customers skip branch queues when opening accounts.
Hong Kong’s anti-corruption watchdog has charged three former HSBC relationship managers over allegations they accepted bribes to help customers fast-track the account opening process, according to SCMP Economy.
The Independent Commission Against Corruption said on Thursday that Chan Fu-kwan, 32, Mike Chan Wai-pak, 29, and Bernie Yau Kai-lung, 33, face a total of six bribery charges, and that all three worked at the Causeway Bay branch when the alleged offenses occurred.
The ICAC investigation found that Chan allegedly accepted bribes from an insurance agent, ranging from HK$1,000 (US$127) to HK$1,200 per referred customer, to facilitate opening their accounts. It also said he referred some customers to three other HSBC relationship managers, including Mike Chan and Yau, offering bribes of HK$300 to HK$500 per referred customer to speed up openings.
The watchdog said Chan accepted a total of HK$35,000 to fast-track these account openings, enabling the referred clients to skip branch queues entirely, and that the trio were formally charged on Wednesday.