18 Jul 2005
BANK OF CHINA v. KWONG WA PO AND OTHERS
- Citation
- BANK OF CHINA v. KWONG WA PO AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA5291/2001
Court found on balance of probabilities that Xu, Yu and Hui misappropriated plaintiff's funds through fictitious loans and channeled them to Ever Joint; Ever Joint's receipts and derivatives are traceable to plaintiff; given close relationships, pattern and suspicious transfers, first defendant ought to have known funds were misappropriated and is liable for knowing receipt and for knowing assistance in laundering specified sums; second and third defendants, having handled and concealed large sums in suspicious circumstances and having participated in transactions while on notice/blind-eye, a…