Tuesday, April 05, 2016

Mossack mulled dropping Sun Hung Kai



Mossack Fonseca staff reportedly raised concerns after Chan was arrested in 2012 in connection with bribing former chief secretary Rafael Hui Si-yan. The criminal charges made it illegal for Chan to hold a corporate role in the British Virgin Islands.
 
Staff noted that the shell company had no purpose and were wary that Hong Kong investigators may ask about it. SHKP refused to provide required due diligence documents, saying the company had been "inactive" for years. According to The Guardian, a Hong Kong staffer warned in an email that SHKP "will get mad" and may "transfer all the companies away from our firm" should they be pressed for the missing papers.
 
https://www.hongkongfp.com/2016/04/04/law-firm-at-centre-of-leaked-docs-debated-whether-to-drop-vip-client-sun-hung-kai-properties-during-corruption-probe/

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