Former stockbroker Arthur Lai Cheuk-kwan had 'no idea' how a $26.4 million fee was calculated by Tomson Pacific in relation to the takeover of Bond Corp International, a jury heard yesterday. Lai has denied accepting that sum and A$2 million (about HK$8.8 million) in bribes. It has been alleged he was paid the money by Tomson Pacific for his role in helping the company pull off the 'fraudulent' takeover. He is one of five alleged conspirators who deny plotting to defraud the Securities and Futures Commission and the Takeovers and Mergers Committee in relation to the deal between January 1990 and June 1991. The Court of First Instance heard yesterday that Lai said he had no inkling of what would be a 'normal' fee for such a deal. His inquisitors, John Lees and John Griffiths, QC, put it to Lai that the sums were 'odd'. 'How they calculated the maths, they [Tomson Pacific] went and worked on it,' Lai responded. 'I said they just have to come up with a figure and that's how it all came out,' he continued. He was being queried by Mr Lees and Mr Griffiths as part of an inquiry into the takeover initiated in August 1992 at the request of the financial secretary. During previous court hearings, the jury was told by the former chief executive of Standard Chartered Asia that he had no idea Lai had been receiving private commissions. Christopher Wigan said Lai, who was employed as chairman of stockbroking company Chin Tung Holdings, had not suggested that his contract allowed him to receive private fees for introducing business. Standard Chartered took control of Chin Tung, which Lai had founded, after the stock market crash of 1987. Lai, 44; his brother Raymond Lai Chik-fan, 48; Peter Mou Chi-luen, 45; David Tong Cun-lin, 48; and Jade Hsu Jye, 40, all deny conspiracy to defraud. Two charges of accepting advantages are also denied by Lai. Raymond Lai and Mou deny assisting Lai to receive the money, and Tong denies offering the $26.4 million. The trial, before Mr Justice Brian Keith, continues.