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Court extends order against college finance chief in HK$25m embezzlement case

Court extends order against college finance chief in HK$25m embezzlement case
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A Hong Kong court has extended an injunction restraining the finance chief of a private college, his wife and two other defendants from handling more than HK$25 million in allegedly misappropriated funds. The High Court on Friday also ordered the four defendants to disclose to Hong Kong Chu Hai College all of their assets worth HK$50,000 or more within 21 days, to help the plaintiff assess which items could be linked to the case. Finance director Ray Yip Kam-chun appeared in court for the...

A Hong Kong court has extended an injunction restraining the finance chief of a private college, his wife and two other defendants from handling more than HK$25 million in allegedly misappropriated funds. The High Court on Friday also ordered the four defendants to disclose to Hong Kong Chu Hai College all of their assets worth HK$50,000 or more within 21 days, to help the plaintiff assess which items could be linked to the case. Finance director Ray Yip Kam-chun appeared in court for the first...
HK$25 (PERSON) Hong Kong (LOCATION) The High Court (ORG) Ray Yip Kam-chun (PERSON)
Originally published by South China Morning Post Read original →