Read the full judgment text of CACC 000180/1982 on BabelCite. This Court of Appeal judgment was delivered on 7 April 1982.
1. The appellant was convicted on the 5th February 1982 of an offence contrary to s. 24(1) of the Money Leaders Ordinance which charged that he lent $100,000 to Lau Kwan-chat at an effective rate of interest exceeding 60 per cent per annum namely 1260 per cent per annum. He was sentenced to a term of imprisonment for twelve months.