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Citic Pacific

Citic document haul delays probe

PUBLISHED : Wednesday, 30 June, 2010, 12:00am
UPDATED : Wednesday, 30 June, 2010, 12:00am

More than 100 boxes of documents and 550,000 computer files were seized by police when they searched the offices of Citic Pacific in an investigation into losses of about HK$15.5 billion from unauthorised currency bets in 2008. The scale of the seizure was revealed by lawyers for the Department of Justice, the police and Citic Pacific yesterday in the Court of First Instance, where they attended a hearing on how to deal with the documents. This comes days after Secretary for Financial Services and the Treasury Professor Chan Ka-keung said the police investigation had not been completed because of the large volume of evidence involved. Citic Pacific filed a writ in April asking the court to decide whether any of the documents seized were subject to legal professional privilege. Yesterday's hearing was in relation to that request. The hearing was before Mr Justice Alan Wright.

 

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