Often Partisan

The Carson Trial – Day 23

Former Lippo Securities executive Jackie Pan Chik continued to give evidence in the District Court today as Carson Yeung’s trial entered its twenty-third day of hearings.

Early reports from Oriental Daily say that Mr Pan confirmed under cross-examination that he had invested HK$2.15million (approx £177,000) in a real estate project set up by Carson in Inner Mongolia in 2007 and had yet to receive any return on investment.

Mr Pan also confirmed that during the period in question he estimated Carson’s earnings with Lippo Securities at HK$100million (approx £8.24mil) but confirmed he had not seen all the statements necessary.

The trial resumes tomorrow at 9:30am (2:30am BST)

Edit 22:45BST June 19 2013

South China Morning Post reports that Jackie Pan Chik testified that Carson never had control of his father’s account; however the prosecution put it to Mr Pan that he had made a statement to the Securities and Finance Commission in 2002 that Carson did indeed have verbal control.

Oriental Daily confirmed that the money Pan Chik put into the Mongolian residential project had been lost and that he had not approached Carson for the money back.

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