The mentally disabled brother of Dah Sing Financial Holdings chairman David Wong Shou-yeh has served a writ to Bank of Bermuda unit Bermuda Trust (Hong Kong), alleging the trustees owe him millions of dollars he should have inherited when his father died in 1983.
In dispute are the assets of the late billionaire Wong Shih-sing, who controlled among other investments Wing Tak Steamship, Dah Sing Bank and Singapore Land.
Bermuda Trust (HK) were the appointed trustees of WT Investment Co (Bermuda), a company which held stakes in many of the deceased's companies.
Mr Wong claims he was entitled to 20 per cent of WT Investment.
In his writ, Wong Shou-chee claims the trustee company, which until 1994 was a subsidiary of Standard Chartered Bank, breached its fiduciary duty to the Wong family and failed to protect his interests.
'The . . . claim is for damages and for an account on the basis of wilful default arising out of breaches of trust on the part of the defendant during the administration of an estate in which the plaintiff is beneficially entitled,' the writ states.