The former boss of an engineering company pleaded guilty to conspiracy charges in a HK$46 million (US$5.93 million) bribery case involving the rigging of two property renovation projects in Sha Tin, Apple Daily reported on Wednesday.
Yau Shui-tin, 58, also told a district court on Tuesday the names of more than 10 people allegedly involved in the conspiracy.
The case was brought by the Independent Commission Against Corruption (ICAC) after an investigation into alleged irregularities in the tender for renovation works at Garden Vista and Ravana Garden in Sha Tin.
The anti-graft agency received information that the renovation fee for Garden Vista, amounting to HK$260 million, was unreasonable and bribery could have been involved.
Home owners had to shoulder the amount by paying HK$350,000 each.
During the investigation, it was learned that Yau promised his co-conspirators a share of the engineering fees in return for paying bribes to certain individuals involved in the tender.
Among them were the chairman of Garden Vista’s incorporated owners, a senior executive of property management company Synergis Holdings Ltd. (2340.HK) and another property manager.
Yau admitted to four of the five charges against him. He is scheduled to be sentenced on Dec. 22.
The case regarding a renovation project in To Kwa Wan is still pending resolution.
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