16 Sept 2010
HKSAR v. YIP KIM PO AND OTHERS
- Citation
- HKSAR v. YIP KIM PO AND OTHERS
- Court
- District Court
- Case number
- DCCC551/2008
On the whole of the evidence the court was satisfied beyond reasonable doubt that senior officers and managers (notably D1, D2 and D3) knowingly entered into and executed a coordinated fraudulent scheme using sham contracts (Greatson/OGD and Long Asset/Fong Long with Kenlap), false public disclosures and nominee companies to divert significant funds from OGH subsidiaries; key participants arranged and authorised transfers and pre-signed banking instruments, and nominees (D4, D6, PW40 et al.) knowingly or with reasonable grounds to believe the funds were tainted facilitated the transfers; elec…