Financial Crime Financial Crime

Former Convoy executives face prosecution attempt to revise charges as Hong Kong fraud trial starts

By Xu Yuan and Ben Lucas
  • 22 Feb 2021 03:36
  • 22 Feb 2021 03:36
Three former senior executives of Hong Kong financial firm Convoy and a fourth individual have seen Hong Kong prosecutors seeking to lay new charges against them on the first day they were set to stand trial over an allegedly fraudulent bond-issuing scheme generating HK$49.6 million (US$6.4 million) in commissions.
Former Convoy chief

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Xu Yuan

Senior Correspondent


Xu Yuan has worked for MLex for seven years, all of them based in Hong Kong. She has reported on a wide range of regulatory topics, including antitrust, cybersecurity and data security, in mainland China, Hong Kong and Taiwan. She has broken numerous stories on policymaking and enforcement involving international companies doing business in the region and done substantial court reporting in Hong Kong. She is currently specializing in covering regulatory issues related to future mobility, including connected vehicles. She previously worked for US TV network NBC in Beijing. She received her undergraduate degree in English Literature and Linguistics from Peking University and a master’s degree from the Journalism and Media Studies Centre at The University of Hong Kong.

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