A company boss cleared of a $5 million warehouse robbery in 1996 was ordered yesterday to pay for the stolen goods and told he might face prosecution for perjury. Transport company owner Chan Nam-sang, 38, arrested after an Interpol investigation, had gone free from the District Court after claiming the owners of valuable silk stolen in the raid faked the robbery in order to claim insurance. But Mr Justice Raymond Sears said yesterday: 'I think he was the robber.' The judge, who was considering a claim for an insurance payout by the owners of the goods, said the case was very unusual. He said he did not believe the evidence given by Mr Chan during the Court of First Instance case. 'I do not believe him. I think he was the robber. I think he was a very lucky man to get acquitted,' he said. 'He has told a pack of lies in front of me which may amount to perjury and I intend to send the papers to the Secretary for Justice to see if he should be prosecuted for perjury.' The judge ordered that Tai Ping Insurance Co Ltd make a payout, yet to be determined, to Hung Kay Trading Co, which lost the silk during the robbery on June 30, 1995. Mr Justice Sears also ruled that the insurers could claim the money back from Mr Chan, who had 'misappropriated the goods'. The silk company is run by Ng Yee-yung and her husband, Yeung Ho-shun. Mr Yeung said the raid happened when he went to the warehouse to check on stock. He was set upon by three men, who threatened him with a knife. Mr Yeung was bound and gagged and locked in an air-conditioning cupboard. He was later rescued by a staff member and taken to hospital. Interpol found Mr Chan on the mainland and he returned to Hong Kong to surrender. He was picked out in an identification parade by Mr Yeung. During his trial, he said he had been asked to collect the silk as part of a 'put-up job' in which Ms Ng and Mr Yeung were involved. But Mr Justice Sears described his story as 'amazing'. He said the burden of proof in the civil case was different to that which applied to the criminal trial.