25 Feb 2025
SECURITIES AND FUTURES COMMISSION v. LIU ZHONGKUI AND OTHERS
- Citation
- [2025] HKCFI 839
- Court
- Court of First Instance
- Case number
- HCMP314/2020
On the agreed facts the business and affairs of the company were conducted in a manner within section 214(1); the respondent as CFO was grossly negligent in failing to detect massive overstatements of cash over multiple years, and the public protection and deterrence objectives required a longer period than the parties' agreed 2 years, therefore a 3-year disqualification order was appropriate.