Hong Kong regulator fails in its ‘nefarious networks’ case
Trio cleared of defrauding the stock exchange and investors in a financial brokerage firm
30 November 2020 - 17:23
London/Hong Kong — Hong Kong’s securities watchdog has failed to secure convictions in its largest investigation after a key figure in the city’s so-called nefarious networks was cleared of charges.
Cho Kwai-chee, founder of Hong Kong’s largest private health-care group, was found not guilty of defrauding the stock exchange and investors in financial brokerage firm Convoy Global Holdings, where he had been a director. He was also cleared of charges involving the publishing of false statements in Convoy’s annual accounts...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.