CA Pacific's coffers have been depleted by a further HK$78 million after a margin client partly to blame for the brokerage's collapse snubbed a court ruling and refused to repay his debts. Liquidators have secured a judgment against Ye Cheng-guang, one of two clients whose failure to meet margin calls sped up the demise of the brokerage in January 1998. The other client was Wong Shi-ling, chairman of Leading Spirit High-Tech. He is being sued separately by the liquidators for HK$93 million. However, Mr Ye has fled to the mainland after failing to offer any defence in the legal action and has not paid up. Efforts by the liquidators to seek a bankruptcy order against Mr Ye are made difficult by the fact they cannot serve the legal papers on him in the SAR. This leaves liquidators at PricewaterhouseCoopers (PWC) with a judgment they cannot enforce and an undisclosed sum in legal fees which will also come out of the CA Pacific coffers. But efforts are still under way to claw back about HK$350 million from former CA Pacific boss Jason Wong But-sit and his estranged wife, Elizabeth Kong Suk-yee, according to PWC partner Jan Blaauw. The pair walked free from the High Court in February after a three-month criminal trial. In Wong's case, a judge suspended a two-year jail sentence for false accounting. His wife received the same sentence for making a bogus loan agreement. However, the former boss was cleared by a jury of stealing HK$248 million from CA Pacific Finance, money which was used to fund the HK$1.24 billion purchase of Central's Century Square building in late 1997. This loan was also pivotal in the downfall of the brokerage. Civil action against the pair taken out by the liquidators on behalf of the company had to be put aside during the criminal proceedings, Mr Blaauw said. 'Following that, we made a further application in April in relation to getting our case [against the pair] back up and running.' A trial date has not been set. However, it is unclear whether the couple would have sufficient funds to meet any judgment made in favour of the liquidators if they do succeed. During the mitigation phase of the High Court trial, it emerged that the collapse of CA Pacific left Mr Wong financially bereft. The one-time high-flier also claimed to be jobless and living in an 80 square foot unit in Tai Hang with only a small television set for company. Mr Blaauw added: 'There are still issues we are trying to resolve, what assets they have.' Meanwhile, liquidators are plodding through at least 8,000 claims from investors with CA Pacific. The claims were worth HK$1.4 billion at the time of the collapse but the value of the shares held was only HK$900 million. A judge ordered in December 1998 that the shares be returned to the clients. However, she admitted this could exacerbate the costs of the liquidation, was time-consuming and would culminate in an 'unjust result'.