Heavy Haul Companies at Risk of Internal Fraud
Third-party logistics companies are helping the companies in the world in managing their freight seamlessly. Due to excessive demand, some companies are unable to keep a check on their customers. Recently, a company fell victim to such a case where its trucking supervisor defrauded it.
Extrans International is one of the most notable heavy haul companies in Hong Kong. The company is known for providing companies with reliable services for the transportation of cargo. It is a pioneer of freight management in the country that is adding convenience to the lives of business owners.
Chow Chi-Yeung at Extrans International
Chow Chi-Yeung is a 42 years old man who was working as a trucking supervisor at the Extrans International. He was responsible for selecting the contractors for Extrans International, a cargo transportation provider company in Hong Kong.
According to the Independent Commission Against Corruption in Hong Kong, the trucking supervisor at Extrans International caused and induced the company to issue a check in favor of a contractor. The event took place after he told the company that the contractor was the one to incur total service fees in 31 delivery notes.
Chi-Yueng defrauded in the company’s service payments. He did that by inflating the parking fees o delivery notes that were sent by the subcontractor. After a thorough investigation, it was found out that he caused inflation of HK$200 on the delivery notes’ fee.
The former trucking supervisor of Extrans International was charged with fraud and was to appear in front of West Kowloon Magistracy, Hong Kong, on 22nd October, Tuesday.
Titan – Top-notch Trucking Solutions
It is one example of how people can defraud in heavy haul companies and cause the customers a significant loss. Companies such as Titan keep a thorough check on their employees and provide an exceptional quality of services. You can hire Titan as your cargo transportation partner with peace of mind.