Barry Cheung, a former adviser to Leung Chun-ying, is convicted of fraud in relation to HK$30 million transferred from a company called Sinomax Finance into a business he owned. Previous NextA former adviser to ex-chief executive Leung Chun-ying was found guilty today of defrauding the securities watchdog and cheating another company out of tens of millions of dollars, RTHK reports. The court also found Cheung guilty of fraud in relation to HK$30 million transferred from a company called Sinomax Finance into a business he owned. Cheung had pleaded not guilty to both offenses. The businessman served as chairman of Leung Chun-ying campaign for the 2012 chief executive election and was appointed as a non-official member of the Executive Council after his election.

Source: The Standard July 17, 2020 02:37 UTC