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Former chairman and executive director ordered to pay HK$85 million compensation to Styland
SFC, 7-Mar-2012
This is a major win for the SFC, and comes almost 10 years after Webb-site first blew the whistle on what we called the "Styland Network" in a series of articles rather like the current "Raking Muck" series. Let's hope the SFC follows up on some of our later pieces, and that the defendants actually pay up. They are also ordered to pay interest at 1% over HSBC's prime rate. The bulk of the award dates back to 2000, so interest will be substantial



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