Tony Chan (businessman)

Tony Chan (businessman)
For other people of the same name, see Tony Chan.
Tony Chan Chun-chuen
陳振聰
Born 23 December 1959 (1959-12-23) (age 51)
Alma mater Colégio Mateus Ricci
Spouse Tam Miu-ching 譚妙清
Parents Patrick Chan Yu-nam 陳汝楠

Tony Chan Chun-chuen (born on 23 December 1959 in Hong Kong with family roots in Xinhui, Guangdong) is a Hong Kong businessman and the former Feng shui geomancer to the late Nina Wang, the former chairman of Chinachem Group and Asia's richest woman. He is known for laying claim to her US$4 billion estate after she died from ovarian cancer in 2007, claiming to have been her lover.[1][2][3] On 2 February 2010, the Hong Kong High Court ruled that Wang's estate belongs to Chinachem Charitable Foundation, not to Tony Chan.[4] Mr Justice Lam said Chan was "untruthful, unreliable and lacking in credibility". He further stated: "I do not find him to be a credible witness and I find in many respects his evidence was tailored to suit his convenience. I do not believe what he testified regarding the provenance of the 2006 will. Apart from my general assessment of his credibility, I also find his evidence incredible."[5] The judge found Wang's signature on the 2006 will relied on by Tony Chan to be "a highly skilled simulation",[6] on the basis of which the Hong Kong Police arrested Tony Chan the next day.[7] He was released on HK$5m (US$640,000) bail.[8] The Inland Revenue of Hong Kong has also issued a demand for HK$300 million in back taxes on income he is alleged to have received from Wang for feng shui services, sums which Chan claims were gifts from his lover.[9]

RCG Holdings Limited (LSE: RCG,HKEX: 802), a biometrics and RFID solution provider partly owned by Wang and Chan,[10] was listed on the Hong Kong Stock Exchange in February 2009.[11]

See others

References

  1. ^ Nina Wang's fortune-teller lays claim to her estate
  2. ^ £2bn fortune-teller vanishes over battle of wills
  3. ^ Tony Chan Chun-chuen Foresees Nina Wangs’s Fortune
  4. ^ Feng shui master denied Nina Wang fortune in Hong Kong
  5. ^ Wong, Adele (3 February 2010) "A liar prepared to say anything", The Standard
  6. ^ Chinachem Charitable Foundation Ltd v. Tony Chan and others. Hong Kong High Court case HCAP 8/2007
  7. ^ http://www.thestandard.com.hk/news_detail.asp?pp_cat=30&art_id=94102&sid=26944681&con_type=3
  8. ^ Tony Chan released on HK$5m bail
  9. ^ Moy, Patsy (3 February 2010)Cops eye 'Liar' Chan ...as taxman set to chase him for $300m, The Standard
  10. ^ RCG Holdings Limited
  11. ^ EUROPE-RCG Holdings up on bullish update

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