Liquidator runs after mistress of bankrupt former chief secretary Rafael Hui
"I have the duty to chase all assets of Mr. Hui to return to his creditors”
The liquidator who handled the bankruptcy of jailed former Chief Secretary Rafael Hui Si-yan plans to meet his Shanghai mistress to chase some or all the HK$7.5 million gift he gave her, the South China Morning Post has learned.
Mat Ng, managing director of JLA-Asia, the liquidiator who was appointed as trustee to handle Hui’s case after his bankruptcy in November 2013, plans to meet his mistress Eline Shen, to negotiate a settlement.
“As the trustee to handle the bankruptcy, I have the duty to chase all assets of Mr. Hui to return to his creditors,” said Ng, a veteran liquidator who handled many high profile liquidation and personal bankrupty cases over the past two decades.
Ng told the Post in an exclusive interview that under local law, the liquidator can trace any gifts or cash offered five years by someone who declared bankruptcy.
“The liquidator can trace these assets even if they are in the mainland. It may take a longer time to handle cross border cases but it is not a mission impossible,” he said.
He said besides taking back the gifts, it is also possible to reach an agreement with the mistress for her to keep the flat but then she has to pay a reasonable settlement amount.
