Date
28 May 2017
Garden Vista owners in Sha Tin were presented with a HK$260 million renovation contract requiring each to pay HK$350,000. The ensuing bribery investigation was the first of its kind for the ICAC. Photos: Internet, Bloomerg
Garden Vista owners in Sha Tin were presented with a HK$260 million renovation contract requiring each to pay HK$350,000. The ensuing bribery investigation was the first of its kind for the ICAC. Photos: Internet, Bloomerg

Ex-engineering boss charged in HK$45 mln cash-for-contract fraud

A former engineering company boss is facing conspiracy charges in a HK$45 million (US$5.8 million) bribery racket involving three property renovation projects.

Yau Shui-tin, 57, allegedly conspired with others to offer advantages to certain parties in order to secure the contract.

He is free on bail, pending a court appearance.

The case was brought by the Independent Commission Against Corruption (ICAC) after an investigation into alleged irregularities in the tender for renovation works on Garden Vista and Ravana Garden in Sha Tin and Wa Lai Building in To Kwa Wan.

Yau promised his co-conspirators a share of engineering fees in return for paying bribes to certain individuals involved in the tender, according to a writ cited by Ming Pao Daily in the first such case by the ICAC.

Yau allegedly bribed the chairman of Garden Vista’s incorporated owners, a senior executive of property management company Synergis Holdings Ltd. (2340.HK) and a property manager.

They received HK$26 million, or 10 percent of engineering fees, HK$15 million and HK$2.6 million, respectively.

The three have not been charged but they are under investigation.

Garden Vista owners were presented with a HK$260 million renovation contract requiring each to pay HK$350,000.

Some refused and a few who accused contractors of bid-rigging reportedly received death threats.

Democratic Party chief executive Lam Cheuk-ting, a former ICAC investigator and a spokesman for an anti-bid-rigging alliance, said the government should be more pro-active in providing oversight of construction tenders.

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