10 Oct 2007
THE OFFICIAL RECEIVER v. MO CHAT HOI AND ANOTHER
- Citation
- THE OFFICIAL RECEIVER v. MO CHAT HOI AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP2508/2006
The court found on the available evidence that the 1st respondent failed to ensure proper accounting records (ss121,122,274), misapplied company funds by making substantial unsecured advances to himself without benefit to the company (breach of fiduciary duty), authorised payments totaling $4,427,637.90 to the 2nd respondent and Chief Concept which were unfair preferences and made personal payments totaling $223,600.00 unrelated to company business. The 2nd respondent was responsible for preferential payments during her tenure. These findings established unfitness under s168H(1) and required…