The District Court sets trial dates for three sophisticated ramp-and-dump cases involving Eggriculture Foods Limited, Fullwealth Construction Holdings Company Limited, and KNT Holdings Limited. Trials are scheduled for 13 July 2026, 30 November 2026, and 6 April 2027.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On March 25, 2025, the District Court has scheduled trial dates for three complex cases involving alleged fraud and money laundering. The trials will commence on July 13, 2026, November 30, 2026, and April 6, 2027, respectively.
These trial dates were set after a hearing at the District Court where all 19 defendants pleaded not guilty to charges of suspected securities-related fraud and money laundering.
The criminal proceedings stem from joint investigations by the Securities and Futures Commission ("SFC") and the Police. The defendants are charged with offenses including conspiracy to defraud and conspiracy to employ a scheme with intent to defraud or deceive in securities transactions, under common law, the Securities and Futures Ordinance ("SFO"), the Crimes Ordinance, and/or money laundering under the Organized and Serious Crimes Ordinance.
The District Court has granted bail pending trial to each defendant, subject to conditions including cash and sureties ranging from $50,000 to $1 million, not leaving Hong Kong, surrendering travel documents, regular police reporting, and residing at the reported address with notice of any changes.
For further information, please refer to the SFC’s press releases dated 30 September 2022, 24 November 2022, 4 April 2023, 6 April 2023, 17 April 2023, 19 June 2024, 9 July 2024, 6 August 2024, and 12 November 2024. Sections 300 of the SFO, sections 159A and 159C of the Crimes Ordinance, and sections 25(1) and 25(3) of the Organized and Serious Crimes Ordinance are cited in the proceedings.
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