The trial of former Akai Holdings boss James Ting is likely to be handed over to a jury this week, with lawyers wrapping up their final arguments today. Prosecutor Thomas Iu summed up his case against the financier yesterday, saying he tricked banks into believing that the troubled company - then called Semi-Tech (Global) - was doing well, depriving the creditors of their right to take legal recourse to recoup loans. The consumer electronics firm in July 2000 posted the largest-ever corporate loss in Hong Kong's history. 'They (the banks) did not take recovery action ... they had lost their right to sue for the money lent,' Mr Iu told the court. Ting is accused of two counts of false accounting relating to a $300 million investment. He has denied both charges at the High Court in a trial that began last month. Semi-Tech's accounts for the year to January 1999 showed the firm purportedly bought a 50 per cent stake in an associate firm, MicroMain Systems, for $300 million. The prosecution has argued that this deal was bogus. It is alleged that Ting made a false entry in the audited accounts of Semi-Tech to show this investment existed and wrote a letter to the company's auditors in June 1999 reaffirming the purchase. Three cheques of $100 million each issued by Semi-Tech to pay for the shares were in fact paid to three British Virgin Island companies, it is alleged. The authorised signatory for the firms was Ting's personal secretary. She then signed three cheques on behalf of these companies, for $100 million each, to be paid back to Semi-Tech, the prosecution claims. Mr Iu also stressed to the jury that only one staff member of Semi-Tech gave evidence. Other employees were not as forthcoming. 'These people, when they were approached by the police ... none of them ever co-operated or assisted the police,' he said. He also cited a lack of documentary evidence to show the MicroMain deal was legitimate when liquidators took over the administration of the firm. Despite finding heaps of documents, there was no share certificate, for example. Defence counsel Lawrence Lok also began to sum up his case yesterday and is scheduled to complete his arguments today. The case will then be handed to Madam Justice Clare-Marie Beeson for legal guidance before the jury retires to give a verdict.