In this article
Tam Sze Leung & others v Commissioner of Police
HK Court of First Instance, 30-Dec-2021
Justice Russell Coleman finds that the issue of "letters of no consent" by the Police to "informally" freeze bank funds of persons under investigation is ultra vires and unconstitutional. The proceedings reveal that the SFC is investigating the applicants for suspected stock market manipulation in a pump-and-dump scheme between 2018 and 2020. The SFC referred a suspicion of money-laundering to the Police, which then asked 3 banks to file Suspicious Transaction Reports in order to trigger LNCs. The tail was wagging the dog.
Organisations
- Hong Kong Police Force
- SECURITIES AND FUTURES COMMISSION 證券及期貨事務監察委員會
- WMCH Global Investment Limited
People
- Coleman, Russell Adam 高浩文
- Kong, Chan 江珍
- Lee, Carol Ka Lo (1997-03-11) 李嘉露
- Tam, Chung Wai (HCAL 191/2021) 譚中維
- Tam, Sze Leung 譚思亮
Topics
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