Lee, Joshua Chi Hwa 李智華
Court orders ex-Combest (ex-8190) senior execs to make HK$192m compensation to shareholders
| Judgment
SFC, 2-Jun-2025
Webb-site filed a detailed complaint on this to the SFC on 21-Dec-2017. Justice Harris asks why criminal charges were not brought, as the case "clearly bears the hallmarks of a fraud". The SFC replies that it referred the case to the Police Commercial Crime Bureau on 20-Jun-2019. Over $293m of losses were caused to Combest, so the respondents appear to have made a net profit and avoided criminal charges.
SFC, 2-Jun-2025
Webb-site filed a detailed complaint on this to the SFC on 21-Dec-2017. Justice Harris asks why criminal charges were not brought, as the case "clearly bears the hallmarks of a fraud". The SFC replies that it referred the case to the Police Commercial Crime Bureau on 20-Jun-2019. Over $293m of losses were caused to Combest, so the respondents appear to have made a net profit and avoided criminal charges.
Censure/criticism of China Fortune Investments (8116) and 9 directors
SEHK, 7-Jul-2021
For internal control failures relating to an acquired PRC P2P business, the directors and senior management of which defrauded it and the company before and after the acquisition, amongst other things.
SEHK, 7-Jul-2021
For internal control failures relating to an acquired PRC P2P business, the directors and senior management of which defrauded it and the company before and after the acquisition, amongst other things.
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