Criminal charges, writs ... now Hui faces bankruptcy
Writs demanding payment on millions of dollars worth of loans have been piling up against Hui, who is embroiled in the most high-profile corruption case in Hong Kong's history with Sun Hung Kai Properties co-chairmen Thomas Kwok Ping-kwong and Raymond Kwok Ping-luen.
The Bank of East Asia has filed a petition with the High Court to bankrupt the embattled former chief secretary Rafael Hui Si-yan.
Writs demanding payment on millions of dollars worth of loans have been piling up against Hui, who is embroiled in the most high-profile corruption case in Hong Kong's history with Sun Hung Kai Properties co-chairmen Thomas Kwok Ping-kwong and Raymond Kwok Ping-luen.
The Bank of East Asia had already issued a writ against Hui, 65, back in April asking for payment of all money due under two overdraft facilities and two credit cards the bank provided to him under a cardholder agreement.
The bank also wanted him to pay interest and costs related to a breach of the terms of the facilities and the agreement. The writ did not disclose the amount of money involved.
Hui is facing at least three more lawsuits from three other creditors involving a total of more than HK$14 million.
Standard Chartered Bank issued a writ against Hui for HK$1.19 million plus interest after Hui drew loans on four credit cards and took out a personal overdraft.
Chong Hing Bank last month launched a suit claiming more than HK$9.8 million that was outstanding on a loan to Hui.