22 Mar 2013
THE AGRICULTURAL BANK OF CHINA v. LAU YUET WAH AND OTHERS
- Citation
- THE AGRICULTURAL BANK OF CHINA v. LAU YUET WAH AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA2804/2000
On the balance of probabilities the 1st defendant was a knowing participant in the fraudulent scheme to misappropriate plaintiff funds via fake L/Cs and is liable to repay the net loss of US$44,605,485.02 with interest as ordered; the 2nd defendant was not proved to be party to the conspiracy and claims against her are dismissed.