30 Sept 2022
SECURITIES AND FUTURES COMMISSION v. SOUND GLOBAL LTD AND OTHERS
- Citation
- [2022] HKCFI 3025
- Court
- Court of First Instance
- Case number
- HCMP868/2019
The court found overwhelming and uncontradicted evidence that five key bank accounts were materially and fictitiously inflated in Company records compared to authenticated bank records obtained from banks via CSRC; Deloitte relied on fabricated documents; Mr Wen had actual control, authority and access to the subsidiaries and accounts, made financial approvals, and his conduct and post-investigation actions (false explanations, allowing disappearance of personnel and documents, account closures and chop changes) demonstrate he knowingly caused, directed and orchestrated the Falsification and…