Hong Kong Court Jails Individual 2 Weeks for Obstructing SFC Search Warrant for Stock Market Manipulation, Delayed Access to Residence & Disposed 2 Mo
11th November 2022 | Hong Kong
A Hong Kong court has jailed an individual 2 weeks (Wong King Hoi) for obstructing Hong Kong Securities & Futures Commission (SFC) search warrant for a stock market manipulation investigation, delaying access to his (Wong King Hoi) residence and attempted to disposed 2 mobile phones & 2 notebooks (October 2021). The individual Wong King Hoi has also been ordered to pay Hong Kong SFC for the investigation cost (Search warrant obstruction). Hong Kong SFC: “This is the first case that a person is convicted for obstructing the SFC’s employees in performance of their functions empowered under the SFO. Christopher Wilson, SFC Executive Director of Enforcement: “We welcome the court’s decision. Today’s sentence sends a strong and clear message that the obstruction is a significant impairment to the SFC’s lawful duty. It is a serious offence if a person who wilfully obstructs the SFC officers to perform their duties and the SFC is determined to take legal actions against those offenders”. The Hong Kong SFC investigation on the stock market manipulation is still ongoing.
“ Hong Kong Court Jails Individual 2 Weeks for Obstructing SFC Search Warrant for Stock Market Manipulation, Delayed Access to Residence & Disposed 2 Mobile Phones & 2 Notebooks “
Ads & Announcements Hong Kong SFC Obstruction Hong Kong, Asia’s leading financial centre
Under section 382 of the SFO, a person who, without reasonable excuse, obstructs any specified person in the performance of a function under the SFO commits an offence and is liable (a) on conviction on indictment to a fine of $1,000,000 and to imprisonment for 2 years; or (b) on summary conviction to a fine of $100,000 and to imprisonment for 6 months. Under the SFO, a specified person includes the SFC and its employees or any person appointed to investigate any matter under section 182(1) of the SFO.
2021 Data Release 2020 List of Private Banks in Hong Kong2020 List of Private Banks in Singapore 2020 Top 10 Largest Family Office2020 Top 10 Largest Multi-Family Offices2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM Register Below Latest 2022 data & reports, insights & news Every Saturday & Sunday 2 pm Direct to your inbox Save 2 to 8 hours per week. Organised for success For Investors | Professionals | Executives New to Caproasia? Join 10,000 + Learn More | Sign Up Today Caproasia.com | Caproasia Access 2022 Events | TFC - Find Services Grow Business | Contact Us For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors Get Ahead in 60 Seconds. Join 10,000 + Save 2 to 8 hours weekly. Organised for Success. Subscribe / Sign Up / Contact Us Sign Up / Subscribe:
Mailing ListFree TrialInvestor $680 YearlyProfessional $680 YearlyExecutive $2,000 Yearly
Interests / Events / Summits / Roundtables / Networking:
Private WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights
Your Name*
Company*
Job Title*
Email 1 (Work / Personal)*
Email 2 (Work / Personal)
Contact No.
Country
Your Message (leave blank if none)
Owl Media Group takes pride in providing social-first platforms which equally benefit and facilitate engagement between businesses and consumers and creating much-needed balance to make conducting business, easier, safer, faster and better. The vision behind every platform in the Owl Media suite is to make lives better and foster a healthy environment in which parties can conduct business efficiently. Facilitating free and fair business relationships is crucial for any thriving economy and Owl Media bridges the gap and open doors for transparent and successful transacting. No advertising funds influence the functionality of our media platforms because we value authenticity and never compromise on quality no matter how lucrative the offers from advertisers may seem.