CINDA INTERNATIONAL FUTURES LIMITED 信達國際期貨有限公司

"The Plaintiffs’ claims were mostly concocted. They have utterly failed to prove any factual basis of breach of duty of care and standard of care on the part of Robertsons."

The judge rules that the content of SFC compulsory interviews under Section 183 of the SFO are subject to absolute privilege, so an interviewee cannot be sued for alleged libel, slander or false and malicious statements.

This case involves possible abuse of funds from a wholly-owned subsidiary of Jingwei Textile (0350) which purportedly were intended to be routed into leveraged foreign exchange accounts held in the names of two of its staff at Cosmos Hantec Investment (NZ) Ltd, an unlicensed entity. The defendant was declared bankrupt after being fined by the SFC last year.

Note: Elke Tang was subsequently made bankrupt in HCB 2421/2010 on 26-May-2010, so we don't know whether she ever paid the fine.