Tuesday 15th April 2014
Jump for joy - MPF is taking more
A careful analysis of a poster we received in the mail leads us to only one conclusion... (15-Apr-2014)
Quat's degrees don't equate
Legislator "Dr" Elizabeth Quat has not one but three "degrees", including her doctorate, from a defunct degree mill once run out of a bungalow in Hilo, Hawaii. We also look into the characters behind it. (11-Apr-2014)
Wrong turn for REITs
Webb-site urges the SFC not to pollute the Real Estate Investment Trust market by allowing them to speculate in securities with unitholders' money. Surplus cash should be paid out to investors so that they can invest it themselves. That's what investors do. (2-Apr-2014)
IN OTHER NEWS
Ma Sik Chun fails to have arrest warrant revoked
Note: there are no extradition treaties between HK, mainland China, Macau and Taiwan. China is one country (or two if you count Taiwan) and 4 legal systems.
remands market manipulator in custody
bans Fung Wing Yuen & Robin Pang Ho Choi for 12 months
The private company involved was Regaltronic Ltd - see our report of the court judgment on 15-May-2012.
Secretary for Justice v Chinachem Charitable Foundation Ltd & others
HK Court of Appeal, 11-Apr-2014
manager charged with bribery and deception
China Metal Recycling (Holdings) Ltd v Chun Chi Wai & others
HK Court of First Instance, 9-Apr-2014
Judge Louis Chan states: "In the light of the HK$822,900,000 received by the defendants since the end of 2009, this disclosure of assets at HK$99,886,000 is incredible. That means the defendants had “used, spent or disposed of” about HK$200 million per year, or over half a million a day." He orders disclosure of what has happened since the Mareva injunction on 30-Jul-2013, but not a tracing order for earlier disposals.
And much more besides...
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