Tycoon's wife to face court again on fraud charges
Socialite Mo Yuk-ping and her once high-flying husband Chau Ching-ngai have been dogged by legal woes in recent years.
For Mo, it did not end with yesterday's conviction for manipulating shares in the de-listed Shanghai Land Holdings. Mo was general manager of the firm and her husband was chairman at the time.
She will go on trial again in early March in the District Court on charges of fraudulently obtaining $89 million in letters of credit from five banks between June 2001 and March 2003.
Meanwhile, Chau, who was ranked China's 11th richest man in 2002 by Forbes magazine, was jailed on the mainland for three years in June last year for manipulating share prices and falsifying reports of registered share capital.
Mo's stock manipulation trial, which began nearly four months ago in the District Court before Judge Alan Wright, had been marked by a succession of riveting courtroom dramas.
It started with Mo's defence team seeking to halt the prosecution against her because her lawyers contended ICAC destruction of phone recordings made during the agency's investigation had deprived their client of a fair trial.