Provisional legislator and alleged fraudster Chim Pui-chung has been accused of being driven by 'personal greed' in a crooked land deal. Chim, 50, is accused of defrauding the minority shareholders of Mandarin and Lucky Man Properties Ltd over the sale of two luxury 12-storey Repulse Bay buildings in 1992. The former Mandarin Resources chairman denies three counts of fraud, two of forgery and a $5 million bribery charge. 'The sustained deceit, the subterfuge and the lying was done for his benefit,' prosecutor Michael Lunn SC told the Court of First Instance yesterday. 'The motive was personal greed. It was he who made an enormous profit.' The complicated Repulse Bay land deal over Fairmount Terrace involved Mandarin Resources and the sale of its subsidiary, Markle Land Ltd - which owned half of Fairmount - to Lucky Man Properties. Chim owned 73 per cent of Mandarin Resources and controlled Markle, but hid his majority holding of Lucky Man 'behind a wall of paper', Mr Lunn said. It is alleged that Chim and his business manager, Nelson Chan Kai-fung, 29, defrauded 'the shareholders of Mandarin Resources to deprive them of obtaining the true value of Markle Land when it sold for $120 million, when its true value was substantially higher'. Chan also denies the three fraud and two forgery charges. It is alleged that Chim knew as early as May 19, 1992, that the Government would move to increase the plot ratio of Fairmount Terrace from 2.1 to 3.0. A higher plot ratio drives up the value and price of a property. But this information was allegedly kept from the minority shareholders. The prosecution maintained Chim bribed an architect, James Lee, to help obtain the higher plot ratio for the Repulse Bay site. Mr Lee has been granted immunity from prosecution to testify against Chim. Mr Lee claims Chim told him in April 1991 that he was going 'to become the owner of Fairmount Terrace', the jury heard. Chim concealed from the minority shareholders of Mandarin and Lucky Man that 'on February 28, 1992, an offer had been made through a solicitor for the whole of Fairmount Terrace at a price of $300 million', the court heard. By October 26 that year, Chim had 'procured the sale of Fairmount Terrace to the prospective purchaser at the price of $350 million'. On the same day he received the first part of a $35 million deposit, Mr Lunn said. The court has made the rare move of selecting nine instead of seven jurors for the trial, which is expected to last for three months. The larger jury will ensure the case can continue even if three jurors cannot complete the trial. The prosecution is expected to call 40 to 60 witnesses. The case continues today before Mr Justice Pang Kin-kee.