Read the full judgment text of HCA 1412/2013 on BabelCite. This High Court CFI judgment was delivered on 5 February 2016.
1. This is litigation on a grand scale. The plaintiffs are two companies in compulsory liquidation, and their action against the defendants is being continued by their liquidators. They alleged that the first defendant, Chun Chi Wai, and a company wholly owned by him, Wellrun Ltd (“Wellrun”), the thirteenth defendant, fraudulently conspired with other defendants to inflate the value of the plaintiffs’ business by the creation of a series of fictitious transactions and a fictitious flow of funds.
Cites 3 cases