31 Jul 2017
CHINACAST EDUCATION CORPORATION AND OTHERS v. CHAN TZE NGON AND OTHERS
- Citation
- CHINACAST EDUCATION CORPORATION AND OTHERS v. CHAN TZE NGON AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1062/2012
The plaintiffs failed to produce compelling primary evidence that Mr Ma had actual knowledge of, or actively participated in, the unauthorised loans, pledges, dissipation of cash, misappropriations or wrongful transfers; discrepancies could be explained by concealment at subsidiary level and alternative documentary versions; estoppel defence failed but does not alter fact Mr Ma lacked evidence of knowledge; circumstantial inferences urged by plaintiffs were not sufficiently grounded in primary facts to satisfy the heightened evidential requirement for serious allegations, therefore all pleade…