KingJewels, one of the leading jewelry manufacturing and trading company in Hong Kong, was with another profitable year. The work of the director is essentially running the company in Hong Kong, while the owner and CEO has focused its energy on expanding business in international markets, the opportunity arose for rough play. Accounting has been manipulated and some senior officers were found to have forged shipping documents and taking bribes from suppliers in exchange for contracts. To complicate matters, the professional and personal relationships between some of the key players in the company were fuzzy, which makes it even more difficult for potential whistle blower to decide its course of action. Illustrates the importance of corporate governance and internal control, even for small and medium enterprises, and especially when the senior members of the management of the company, were bound, that goes beyond a professional relationship. "Hide
by Macy Wong, Amy Lau, Raymond Wong Source: University of Hong Kong, 14 pages. Publication Date: March 13, 2006. Prod. #: HKU620-PDF-ENG
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