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Note: LC applicant, Lam Bing-yu, twice procured what he knew were false bills of lading as part of bogus transactions in order to draw on two LCs issued by Bank of China for US$ 1,421,458.72 and US$ 1,490,962.50. The goods to the underlying transactions had never been shipped and the companies to which they were to be shipped had been fabricated. Applicant confessed on videotape to furnishing false information after a raid of its business, and the confession was admitted. The applicant was charged by the Hong Kong Special Administrative Region under the Hong Kong Theft Ordinance, found guilty after a jury trial, and sentenced to 3.5 years imprisonment. On appeal, affirmed.

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