ALLEGED criminality in complicated business deals was revealed for the first time yesterday to some of the parties named in a confidential report commissioned by the Financial Secretary. Draft chapters from the report were given yesterday to most of the parties, including Macau casino tycoon Stanley Ho Hung-sun, Taiwanese business magnate David Tong Cun-lin and others connected with companies raided by the Commercial Crimes Bureau (CCB) last week. The chapters outlined in detail the nature of numerous suspicious business transactions conducted between 1990 and last year. It is understood the report mentions criminality in several areas and will almost certainly lead to prosecutions of some of those named in the report for conspiracy to defraud and offences under the Theft Ordinance. A source close to the investigation described the findings as comprehensive, but conceded there were ''still a lot of missing links''. A letter accompanying the draft chapters of the report, which has taken investigative accountant John Lees and a team of financial sleuths almost 18 months to compile, stressed that it should remain confidential. In the letter, the parties were asked to examine the chapters and reply in the form of a written submission if they did not agree with any of the findings. ''You are basically giving anyone criticised the chance to rectify any mistakes made and to make sure it has been interpreted properly,'' said a source. ''Some people got two paragraphs of a chapter and others got several chapters, depending on how much involvement they had.'' Under sweeping powers granted to inspectors, Mr Lees may point the finger of criticism to demonstrate alleged misconduct and state his findings on the evidence ''with courage and frankness, keeping nothing back''. Mr Lees has set a deadline of mid-January for parties to respond. The responses will be considered for inclusion in his final report, which is expected to be handed to Financial Secretary Hamish Macleod by early February. Mr Macleod was given all of the completed draft chapters before a massive swoop by more than 200 police from the CCB last Tuesday. Parties including the World Trade Centre Group, Tomson Pacific, Rivera Holdings, Shun Tak Holdings, Far East Holdings, Far East Consortium International and Tse Sui Luen Jewellery International are understood to be taking legal advice on the findings andthe nature of their responses. Mr Ho, a former non-executive chairman of Shun Tak Holdings and one of many businessman questioned by Mr Lees, and Mr Tong, managing director of Tomson Pacific, could not be contacted for comment yesterday. Their homes and Hong Kong business premises were raided last week by CCB officers, who have been joined by investigative accountants. They have begun examining hundreds of documents seized. Police, who have been guided by the findings of Mr Lees in a search for any improper links between the parties, have described their criminal investigation as ''protracted''.