Read the full judgment text of DCCC 304/2012 on BabelCite. This District Court judgment was delivered on 6 December 2012.
2. The defendant’s company Joint Glory was set up in January 2009. Its bank account was opened about a month later with an initial deposit of $1,000. Approximately another month later in March, a sum of HK$2.3 million was deposited into Joint Glory’s bank account as proceeds of a letter of credit.