Read the full judgment text of CACC 000030/2007 on BabelCite. This Court of Appeal judgment was delivered on 23 June 2008.
1. The 1 st to 5 th defendants were charged with one joint charge of conspiracy to defraud, contrary to Common Law and punishable under section 159C(6) of the Crimes Ordinance, Cap. 200. In essence, the prosecution’s case was that the defendants conspired to create bogus loans totalling HK$100,000,000 by the 1st and 2nd defendants to RNA Holdings Limited (“RNA”), a listed company, as a result of which, RNA had paid HK$55,000,000 to the 1st and 2nd defendants and issued shares to the value of HK
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