28 Mar 2024
SECURITIES AND FUTURES COMMISSION v. ZHENG DUNMU AND OTHERS
- Citation
- [2024] HKCFI 928
- Court
- Court of First Instance
- Case number
- HCMP1462/2019
The court found on the evidence that the 3rd respondent, as CFO and executive director, caused or allowed the Company to publish false or misleading placement announcements, procured publication of financial reports overstating cash by RMB251 million by providing and relying on fabricated bank records, and allowed and concealed the misappropriation of HK$163 million to the 1st respondent. Those acts constituted misconduct under s.214(1)(b),(c) and (d) SFO. It was just to make a 10‑year disqualification order and a compensation order requiring payment of HK$163,000,000 with interest, together…