Former chairman of Yeebo (International Holdings) Makie Hui Po-yuen appeared at Eastern Court yesterday charged with defrauding the company of $100 million.
Hui faces two charges of conspiracy to defraud Yeebo, shareholders and creditors.
He allegedly conspired with Ling Tim-wah, Rue Marshall and others between September 1, 1993 and September 30, 1995 in producing bogus documents showing the company had bought machinery from ST Microsystems.
Hui also allegedly conspired with Ling between July 1, 1994 and September 30, 1995 to produce bogus documents for Yeebo subsidiary - Yeebo Semiconductor - showing purchase of similar machinery.
Two other charges allege he published false statements; two annual reports in September 1994 and 1995. The 1994 report is alleged to falsely show $23.1 million and $7.5 million had been paid to ST Microsystems agents.
It is also alleged the 1995 annual report contained false entries of about $155 million supposedly paid to various companies.