Court orders confiscation of HK$63m crime proceeds from convicted warrants trader Mr Ha But Yee
ICAC, 11-May-2023
In a cash-or-time offer, Mr Ha can either pay HK$63m or do 10 more years in jail. The judgment makes clear that he has this amount in realisable assets, less than the HK$125.7m proceeds of crime. The ICAC is wrong on one point: Ma Sin Chi wasn't a director of Deutsche Bank AG (the top-level German company), he was an SFC-licensed Responsible Officer of a HK subsidiary, Deutsche Securities Asia Ltd.
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SFC fines Deutsche Securities Asia Ltd HK$2.45m over bonus share SNAFU
SFC
SFC, 24-Jun-2021
Not for the first time, a firm falls foul of the antiquated HK listco practice of issuing "bonus shares", which temporarily freeze part of the market cap until they are issued and do nothing for shareholder value except to generate expenses. Also, Deutsche took 6 months to confess to the SFC.
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SFC bans Ma Sin Chi for life
SFC, 14-Nov-2019
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SFC fines Deutsche Bank AG and its brokerage HK$8.3m
SFC, 13-Mar-2018
For failure to report short positions, because they used the wrong denominator, for all issued shares rather than just H-shares, amongst other things.
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Duo jailed for HK$6.4m bribery over trading of derivative warrants at re-trial
ICAC, 26-Feb-2018
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HKSAR v Ma Sin Chi & Ha But Yee: reasons for sentence
HK Court of First Instance, 26-Feb-2018
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Ex-Deutsche Bank executive and warrant trader admit HK$6.4m bribery
ICAC, 22-Jan-2018
Ha But Yee admits paying HK$6.4m to Ma Sin Chi between Jan-2007 and May-2008, for information on derivative warrants issued by DB. Mr Ha and his family made a net profit of over HK$203m through trading of DB warrants. Ma remained a Responsible Officer of DB until 6-Jan-2012. The ICAC doesn't mention that this guilty plea follows a previous trial in which the defendants were found guilty but the convictions were quashed by the Court of Appeal due to misdirection of the jury by the Judge. By then, they had already served 2.5 years of a 7-year sentence.
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SFC bans Derek Ong, ex-Deutsche Securities, for 10 years
SFC, 17-Nov-2016
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HKSAR v Ha But Yee
HK Court of Final Appeal, 11-Nov-2016
Leave to appeal against the Court of Appeal's decision to order a retrial is refused.
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HKSAR v Ma Sin Chi
HK Court of Appeal, 20-Oct-2016
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HKSAR v Ma Sin Chi
HK Court of Appeal, 22-Sep-2016
Leave to appeal to the Court of Final Appeal is refused.
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HKSAR v Ma Sin Chi & Ha But Yee
HK Court of Appeal, 15-Jul-2016
A retrial is ordered for both defendants.
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HKSAR v Ma Sin Chi & Ha But Yee
HK Court of Appeal, 17-Jun-2016
The convictions of both appellants are quashed.
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HKSAR v Ma Sin Chi & Ha But Yee
HK Court of Appeal, 11-Aug-2015
Leave to appeal against conviction and sentence is granted.
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7 years' jail for HK$24m bribery over derivative warrants
ICAC, 09-Dec-2013
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HKSAR v Ma Sin Chi & Ha But Yee: sentencing
HK Court of First Instance, 09-Dec-2013
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SFAT allows review for ex-Deutsche trader over trading of HSBC shares
SFC, 21-May-2013
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Christian Denk v SFC
SFAT, 20-May-2013
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SFC fines Deutsche Securities Asia Ltd HK$2.5m
SFC, 18-Dec-2012
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Deutsche Bank MD & 4 investors charged with HK$24m bribery over trading of derivative warrants
ICAC, 12-Jan-2012
Mr Ma is a Responsible Officer of Deutsche Securities Asia Ltd.