Former Legislative Council member Zhan Peizhong and his son Zhan Jianlun, including four others, were accused of concealing a secret "shell-buying" agreement when placing convertible notes for a listed company, and were charged with conspiracy to defraud the Stock Exchange. Today (26th) Shatin Court re-arraigned.
The prosecution applied to refer the case to the District Court for processing. The application was approved and the case will be heard in the District Court on June 16.
Zhan Peizhong's lawyer pointed out that he would apply for the termination of the hearing, and revealed that he had hired another senior lawyer, Qinghong, to handle the case.
The four defendants were charged in two cases. The three defendants in the first case: Zhan Peizhong (75 years old, director), Zhan Jianlun (52 years old, businessman) and Wang Beili (65 years old, unemployed).
The James and his son were charged with two counts of conspiracy to defraud, alleging that between July 1, 2013 and November 15, 2015, they conspired to defraud Asia Resources Holdings Limited, its board of directors, its shareholders, and The Stock Exchange of Hong Kong Limited.
During the period involved, Zhan Peizhong was the majority shareholder of Asia Resources Holdings, and Zhan Jianlun was the chairman.
Wang was charged with one count of money laundering, alleging that between October 24, 2013 and January 24, 2014, she dealt with Ma Zhonghong in Hong Kong in handling HK$42 million of convertible notes issued by Asia Resources Holdings Limited.
The other case involves only the defendant Ma Zhonghong (48 years old, businessman). Apart from being charged with two counts of conspiracy to defraud and one count of money laundering, he is also accused of illegally entering by waterway in June last year and has no authority to remain in Hong Kong.
He was therefore charged with one count of staying in Hong Kong without the authorization of the Director of Immigration after entering Hong Kong illegally.
The statement representing Zhan Peizhong also revealed that he would apply for the separation of Wang Beili's case.
The court case, representing his son Zhan Jianlun, revealed in the court that he learned that Qinghong Daquan had sent a letter to the Department of Justice, so he asked the prosecution to disclose the content of the letter and the reply of the Department of Justice. Disclosure in advance.
The adjudicator pointed out that whether to refer or not was the decision of the Department of Justice and could not see how the disclosure would affect the decision, refused to adjourn the application, and formally referred the case to the District Court for handling.
Case number: STCC376, 3381/2021
Four persons including Zhan Peizhong and his son were involved in fraud The prosecution revealed that there is another case Zhan: The two cases are not the same. It takes time for Fang to analyze the documents until April, and then the ICAC charges three people including Zhan Peizhong and his son, alleging that the shell transaction of Asian Resources involved conspiracy to defraud
