Business crime: former chairman of HK company convicted of conspiracy to defraud shareholders
A former chairman and a former executive director of publicly listed Grand Field Group Holdings Limited (Grand Field), charged by Hong Kong's Independent Commission Against Corruption, have been convicted at the District Court of conspiracy to defraud shareholders of the company and the Stock Exchange of Hong Kong (SEHK) in relation to a bogus joint venture in a gas pipeline project in Chongqing, Mainland China and of money laundering in relation to the proceeds.
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