#FailedBank #FailedState
HSBC in Hong Kong Reportedly 'Embezzles' the Asset Owned by Exiled Lawmaker and his Family
On Jan 2, 2021, The Hongkong and Shanghai Banking Corporation (#HSBC) has cancelled all the credit cards under the name of Ted Hui and his family, claiming it a "commercial decision". On the onr hand, the bank charged the outstanding balance on the credit cards from their account; on the other hand, the bank claimed that it "may not be possible" to return any remaining balance, which amounts to around a few tens of thousands of Hong Kong dollars, to the account holders.
According to Ted Hui, the bank asked him to "call them later and see what the bank can do about it." Hui comdemned this as the bank's unlawful embezzlement of private property which is supposed to be protected by Hong Kong’s Basic Law.
Ted Hui, a former lawmaker who is currently in exile, points out that the incident is a result of "HSBC’s own political consideration, with a view to aiding the regime to crack down on opposition voices. This deed has no legal basis at all."
It "reflects the business community’s attachment and obedience to the regime under the National Security Law, which can completely override law and policies, and the regulators can only be 'politically correct' and helpless."
Hui also stated that Hong Kong officials and their families under international sanction actually can keep their bank accounts as well as credit cards
Source: Ted Hui's Facebook #Jan2
https://www.facebook.com/178843345631203/posts/1704755799706609/
#TedHui #Asset #PoliceState
HSBC in Hong Kong Reportedly 'Embezzles' the Asset Owned by Exiled Lawmaker and his Family
On Jan 2, 2021, The Hongkong and Shanghai Banking Corporation (#HSBC) has cancelled all the credit cards under the name of Ted Hui and his family, claiming it a "commercial decision". On the onr hand, the bank charged the outstanding balance on the credit cards from their account; on the other hand, the bank claimed that it "may not be possible" to return any remaining balance, which amounts to around a few tens of thousands of Hong Kong dollars, to the account holders.
According to Ted Hui, the bank asked him to "call them later and see what the bank can do about it." Hui comdemned this as the bank's unlawful embezzlement of private property which is supposed to be protected by Hong Kong’s Basic Law.
Ted Hui, a former lawmaker who is currently in exile, points out that the incident is a result of "HSBC’s own political consideration, with a view to aiding the regime to crack down on opposition voices. This deed has no legal basis at all."
It "reflects the business community’s attachment and obedience to the regime under the National Security Law, which can completely override law and policies, and the regulators can only be 'politically correct' and helpless."
Hui also stated that Hong Kong officials and their families under international sanction actually can keep their bank accounts as well as credit cards
Source: Ted Hui's Facebook #Jan2
https://www.facebook.com/178843345631203/posts/1704755799706609/
#TedHui #Asset #PoliceState
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Hong Kong Authority Imposes #PropertyRestrainingOrder on Former Pro-democracy Legislator under #NationalSecurityLaw
#TedHui is a former pro-democracy legislator in Hong Kong wanted by the Hong Kong authority for violating the #NationalSecurityLaw. Hui is has been self exiled to Australia.
On April 8, 2022, he received notification from Hong Kong Police that the city's High Court has issued the Property Restraining Order to him, his wife and his mother under the Department of Justice. The Order is issued according to Clause 7 of Appendix 3 of National Security Law Chapter 43 to prohibit them from dealing with any assets in Hong Kong.
Hui said that the Order forbids them, in person or through agents, from selling, dealing or depreciating with any assets in Hong Kong. If they violate the Order, they can be sentenced for 5 years of imprisonment and a fine of $500,000, or assets be seized, for the ‘contempt of court’.
The Order also lists out their Hong Kong Bank Accounts and the balances; however, Hui said, the document announcing the Property Restraining Order, surprisingly, does not explain the grounds of imposing property restrain, the case nor the investigation involved.
Source: HK01 #Apr9
https://www.hk01.com/政情/757210/許智峯收財產限制令-被禁處理在港財產-質疑文件無交代理據
#PoliceState #Court #Asset #Seize
#TedHui is a former pro-democracy legislator in Hong Kong wanted by the Hong Kong authority for violating the #NationalSecurityLaw. Hui is has been self exiled to Australia.
On April 8, 2022, he received notification from Hong Kong Police that the city's High Court has issued the Property Restraining Order to him, his wife and his mother under the Department of Justice. The Order is issued according to Clause 7 of Appendix 3 of National Security Law Chapter 43 to prohibit them from dealing with any assets in Hong Kong.
Hui said that the Order forbids them, in person or through agents, from selling, dealing or depreciating with any assets in Hong Kong. If they violate the Order, they can be sentenced for 5 years of imprisonment and a fine of $500,000, or assets be seized, for the ‘contempt of court’.
The Order also lists out their Hong Kong Bank Accounts and the balances; however, Hui said, the document announcing the Property Restraining Order, surprisingly, does not explain the grounds of imposing property restrain, the case nor the investigation involved.
Source: HK01 #Apr9
https://www.hk01.com/政情/757210/許智峯收財產限制令-被禁處理在港財產-質疑文件無交代理據
#PoliceState #Court #Asset #Seize
香港01
許智峯收財產限制令 被禁處理在港財產 質疑文件無交代理據
正被警方通緝、流亡海外的前立法會議員許智峯表示，昨日（8日）收到警方通知，高等法院在律政司的申請下，已經對他、太太及母親發出財產限制令。該