Future Technology says the pair resold its inventory through a secret build-to-order store called Point Connect.
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The two accused men, surnamed Chung and Wong, were long-serving employees, with one holding a manager-level position, according to Future Technology's account as reported by HKEPC.
The pair allegedly exploited their knowledge of the shop's internal operations, inventory management, and logistics to move goods out of stock over about a year, then sold them through Point Connect, a build-to-order store at pc-hk.com. Future Technology claims to hold CCTV footage, abnormal inventory records, and employee chat logs as evidence.
The ICAC referral relies on suspected breaches of Hong Kong's Prevention of Bribery Ordinance, which covers employees accepting advantages behind an employer's back, alongside the theft allegations. Future Technology runs its own online storefront at buymore.hk, meaning the store its employees allegedly operated was competing directly with the company's e-commerce business using, per the accusations, the company's own inventory. The retailer hasn't yet put a figure on its losses but says an audit and stock count are underway, with civil claims and criminal proceedings expected to follow.
Point Connect's storefront at pc-hk.com now serves a formal statement from Point Connect Ltd dated July 16. The statement, translated from Chinese, says the accusations are "serious and malicious fabrications," demands that those responsible stop spreading them, and reserves "all necessary legal means" in response, including civil damages and criminal prosecution. It adds that the company's operations and finances are "normal and legal." Neither the police nor the ICAC has publicly confirmed an investigation, and no charges have been reported.
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Key considerations
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- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/hong-kong-pc-store-accuses-two-senior-staff-of-stealing-stock-to-supply-their-own-online-shop-for-over-a-year#main
- https://www.tomshardware.com/membership
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