30 Sept 2015
SECURITIES AND FUTURES COMMISSION v. YIN YINGNENG RICHARD AND OTHERS
- Citation
- SECURITIES AND FUTURES COMMISSION v. YIN YINGNENG RICHARD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP2502/2012
The respondents were found to have acted dishonestly and breached fiduciary duties by fabricating a non-existent MUA and causing wrongful payment of company assets; disqualification under s214(2)(d) SFO is appropriate, and after weighing gravity, relative culpability, mitigation (including repayment), personal circumstances and lack of credit for late remorse, the court imposed disqualifications of 7 years on Wang, 5 years on Lee and 4 years on Yin and refused any exception permitting Wang to work indirectly in contravention of the disqualification.