Chan, Hoi Lam 陳海林

Chan Hoi Lam, Ex-CEO of Climax (0439) jailed for 74 monthsHall of Shame
ICAC, 10-Sep-2013
and he thereby joins our Hall of Shame for jailed directors. By coincidence he is actually the second CEO of this company to be jailed. The first was Kenneth Fung Kin Yuen (aka Fung Chi Keung) who was jailed in 2003.
Chan Hoi Lam, Ex-CEO of Climax (0439) guilty of fraud and theft
ICAC, 6-Sep-2013
Former CEO of Climax (0439) charged with fraud and theft
ICAC, 26-Jan-2011
The auditor for the reports for the years ended 31-Mar-2007 and 31-Mar-2008 was Shinewing (HK) CPA Ltd. They took over after Deloitte resigned, after raising a query "on the validity of certain PRC expenditures" in the sum of HK$10.54m. Deloitte referred to its responsibility to consider fraud in an audit of financial statements. Shinewing subsequently gave a clean audit report for both years.
ICAC raided Climax office, arrested certain former and current officers
Company announcement, 20-Nov-2008
Chan Hoi Lam and Frederick Kan Shiu Cheong resign as CEO and ED of Climax
Company announcement, 26-Mar-2008
Result of investigation by independent accountants
Company announcement, 12-Mar-2008
They were "unable to conclude whether the Refurbishment and Advertising Expenses and entertainment Expenses were genuinely incurred for the purposes of and necessary for the business operations of the Group."
Change of auditors
Company announcement, 31-Mar-2007
Deloitte resigns, after raising a query "on the validity of certain PRC expenditures" in the sum of HK$10.54m. Deloitte refers to its responsibility to consider fraud in an audit of financial statements. It is unable to complete its audit.

Sign up for our free newsletter

Recommend Webb-site to a friend

Copyright & disclaimer, Privacy policy

Back to top