SFC obtains DQ against Duncan Chiu Tat Kun & Michael Lui Hung Kwong of Far East Holdings International Ltd (0036)
SFC
SFC, 09-Feb-2021
It's quite amazing that Duncan Chiu has been allowed to carry on as a government-appointed director of the Cyberport and Hospital Authority. Also notable that Mr Fong Hup of Deloitte gave a clean audit on the 2007 accounts after learning of the situation. Duncan Chiu now accepts that the accounts were misleading by omission and this amounted to misconduct. The INEDs, as Audit Committee, also signed off. The 2 respondents, along with late Chairman Deacon Chiu's assistant Wendy Yung Kim Bing, were acquitted in 2012 of criminal fraud charges relating to the same loan.