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  1. Citic Pacific loses fight to block probe into fraud

    Posted Mar 19th 2011, 12:00am by Naomi Rovnick

    ... Naomi Rovnick Citic Pacific, the Beijing-backed steelmaker and property developer, yesterday lost a two-year battle to block a Hong Kong police fraud investigation into its failure ... Citic Pacific did not admit to its losses from an unauthorised punt on the Australian dollar until six weeks after they occurred. The company, which is part of the massive Citic conglomerate, ...

    http://www.scmp.com/article/741326/citic-pacific-loses-fight-block-probe-fraud
  2. Citic Pacific appeal delays fraud probe

    Posted Apr 02nd 2011, 12:00am

    ... Naomi Rovnick Beijing-backed steelmaker and property developer Citic Pacific has delayed a Hong Kong police fraud probe by appealing a court ruling that investigators could access key evidence. Citic Pacific last month lost a lengthy legal battle to block the police investigation into its failure to disclose immediately a HK$15.5 billion derivatives loss in September 2008. Court ...

    http://www.scmp.com/article/963923/citic-pacific-appeal-delays-fraud-probe
  3. Citic Pacific's second bid to halt fraud inquiry fails

    Posted Dec 20th 2011, 12:00am

    ... Austin Chiu austin.chiu@scmp.com Citic Pacific, the Beijing-backed steelmaker and property developer, yesterday lost a second bid to block a police fraud investigation into its failure ... renewed the finding of a 'prima facie case' of conspiracy to defraud and false statements by company directors. The alleged fraud arose from Citic Pacific's delay in publishing ...

    http://www.scmp.com/article/988213/citic-pacifics-second-bid-halt-fraud-inquiry-fails
  4. Citic Pacific ordered to pay costs for police case

    Posted Jun 29th 2011, 12:00am

    ... Naomi Rovnick naomi.rovnick@scmp.com Citic Pacific has been dealt a new blow in its long-running battle to stop the Hong Kong police from investigating the company for fraud over ... to avoid paying legal costs for an earlier court hearing involving law enforcers in March over evidence. Citic Pacific lost that case in which it attempted to restrict police access to files ...

    http://www.scmp.com/article/972062/citic-pacific-ordered-pay-costs-police-case
  5. Citic Pacific fights on to block fraud investigation

    Posted Dec 07th 2011, 12:00am

    ... Austin Chiu austin.chiu@scmp.com Citic Pacific yesterday renewed its two-year effort to block a police fraud investigation into its failure to disclose a HK$15.5 billion loss immediately ... Kong office of Citic Pacific, which is part of the massive Citic conglomerate, in April 2009 and seized boxes of files and computers. In March, Mr Justice Alan Wright ruled ...

    http://www.scmp.com/node/987038
  6. S&P slashes Citic Pacific rating

    Posted Jul 20th 2011, 12:00am

    ... Naomi Rovnick naomi.rovnick@scmp.com Beijing-backed mining-to-property conglomerate Citic Pacific has been dealt a major blow by one of the world's leading credit risk assessment agencies. Standard & Poor's slashed the company's credit rating to junk status yesterday and said it might downgrade the rating further. The decision to demote Citic Pacific ...

    http://www.scmp.com/article/973954/sp-slashes-citic-pacific-rating
  7. Citic Pacific's core earnings rise to HK$5.3b

    Posted Mar 04th 2011, 12:00am by Denise Tsang

    ... Denise Tsang Conglomerate Citic Pacific has put the investment setbacks of two years ago behind it, announcing 14 per cent growth in underlying profit to HK$5.3 billion last year. However, ... and Futures Commission probe into his alleged involvement in an improper property deal on Hainan Island. The probe continues. To strengthen its corporate governance, five Citic Pacific directors ...

    http://www.scmp.com/article/739880/citic-pacifics-core-earnings-rise-hk53b
  8. Citic Pacific lending banks named in court

    Posted Mar 11th 2011, 12:00am by Austin Chiu, Naomi Rovnick

    ... Naomi Rovnick and Austin Chiu Hong Kong police named the three banks that lent HK$1.75 billion to Citic Pacific, which was at that time concealing massive losses from a disastrous ... Industrial Bank of China and Japan's Bank of Tokyo-Mitsubishi UFJ in 2008. The loans were made just weeks before Citic Pacific's October 20 admission that it would slip up to HK$15.5 ...

    http://www.scmp.com/article/740540/citic-pacific-lending-banks-named-court
  9. Judge to rule on Citic Pacific documents

    Posted Mar 12th 2011, 12:00am by Austin Chiu

    ... Austin Chiu Court of First Instance judge Alan Wright will rule next week whether prosecutors in a fraud case can cite documents Citic Pacific handed to the Securities and Futures Commission for an investigation of its delay in warning shareholders in 2008 of HK$15.5 billion losses on foreign exchange trades. Police say the documents concern legal advice as to how the company ...

    http://www.scmp.com/article/740645/judge-rule-citic-pacific-documents
  10. Citic Pacific hid losses from banks, court told

    Posted Mar 10th 2011, 12:00am by Austin Chiu

    ... Austin Chiu Citic Pacific, which posted the biggest currency loss by a Chinese company, obtained HK$1.75 billion in bank loans without disclosing that it had lost money, a court heard ... profit warning in October 2008, which stemmed from foreign exchange trades in the Australian dollar. Draycott said that during the period when Citic Pacific discovered the loss and before ...

    http://www.scmp.com/article/740381/citic-pacific-hid-losses-banks-court-told

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