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Otto Poon's Company Fined HK$ 150M ...

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  1. #11

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    And of course Teresa knows nothing about it, Is she from Barcelona?


  2. #12

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    The structure in question was an outdoor Endless Pool
    Illegal structure but wat endless pool. That's not a pool..that's a freakin ugly water trough. omg maybe the expert witness wasn't trying to help them at all. He just couldn't bring himself to call it a pool.. ;_;

    Poon, who was a former president of the Hong Kong Institution of Engineers.... In mitigation, defence lawyer Kim McCoy said that Poon’s offence was “technical” in nature, and that his client was well known in Hong Kong’s engineering industry
    lol. By analogy I think that means accountants falsifying numbers, police breaking the law, pharmacists getting medication wrong shd get more (and not less) of a pass compared to layman.

    Can't blame the lawyer..when all you get is a bag of lemon, lemonade is the only defence.. :p

  3. #13

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    Round two ...

    The Competition Commission has commenced another set of proceedings against a company owned by Otto Poon Lok-to, husband of former secretary for justice Teresa Cheng Yeuk-wah, for alleged price-fixing, market-sharing and bid-rigging.

    The second antitrust suit faced by Poon's ATAL Building Services Engineering in the Competition Tribunal is over a suspected air-conditioning work cartel between December 2015 and June 2018.
    The commission also sought orders for pecuniary penalties to be imposed on the company and Lee, saying it believes their actions "directly or indirectly impacted the sales of over HK$3 billion worth of air-conditioning work in Hong Kong."
    https://www.thestandard.com.hk/secti...ion/11/252737/

  4. #14

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    Public ceremony of Lamb butchering by thousand cuts to make an example.. Do not stray away or even wobble on defined path or else....


  5. #15

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    there is never insider trading in HK... (looks other way)

  6. #16

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    haha never happened
    TheBrit and shri like this.

  7. #17

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    and has balls to issue ESG ........ haha


  8. #18

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    It seems that it's not uncommon for rich business families to 'ally' with political families - eg the Tsangs and their in-laws.


  9. #19

    ATAL - that's David Webb's 2nd largest holding

    shri likes this.

  10. #20

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    Quote Originally Posted by shri:
    Shun Hing is also an agent / distributor / engineering firm ... one of those companies that has built a large number of subsidiaries. I don't think they were named in the fine .. will check.
    included Shun Hing, in last paragraph ".........The first round raised by the antitrust watchdog was in June last year, with ATAL Building Services and Shun Hing Engineering Contracting being sued for a separate air-conditioning work cartel from December 2015 to December 2019......"

    https://www.thestandard.com.hk/secti...ion/11/252737/
    shri likes this.