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accidit in puncto quod non speratur in anno

Tuesday, March 2, 2010

Grand Field Group Holdings bogus China Chongqing gas pipeline

A Hong Kong court yesterday ruled that the former chairman of listed developer Grand Field Group Holdings, Wayland Tsang Wai-lun, and his wife should be remanded in custody.

It found the couple dishonest and said they provided "a pack of lies'' to the stock exchange and investors about a fake transaction in 2002 which had led companies, investors and the bourse to suffer losses.

Posted by freddyvatoo at gmail.com at 4:10 PM
Labels: China, Fraud, HK

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