10 Mar 2017
HKSAR v. TSANG YAU MAY AND ANOTHER
- Citation
- HKSAR v. TSANG YAU MAY AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACC16/2016
The court held that, taken together, the timing and nature of the transactions (purchase of an off‑the‑shelf company, a cooperation agreement immediately after estate transfer, a $10M loan/repayment, a $12M jade sale with only $10.13M paid into the seller's personal account opened same day, failure to recover balance, rapid deregistration of Bright Jade), the low independent expert valuations, the presence of probate litigation material at the 2nd applicant's residence, and the applicants' failure to give evidence or to explain these matters permitted the irresistible inference of a conspirac…