2 Nov 2015
RAYTECH INDUSTRIES CO LTD v. LEUNG WAI KIT
- Citation
- RAYTECH INDUSTRIES CO LTD v. LEUNG WAI KIT
- Court
- Court of First Instance
- Case number
- HCA1360/2011
On the balance of probabilities the court accepted the plaintiff’s witnesses and documentary analysis over Leung’s inconsistent and evasive evidence; found Leung presented false Siu Lam invoices, converted and misappropriated sums from the 825 and joint accounts, breached fiduciary duties and caused the IRD penalty; rejected Leung’s alleged Commission and IRD indemnity agreements and his loan claim; awarded Raytech HK$12,428,174.90 plus interest and costs and dismissed Leung’s claims in the second action.