Tony Chan (businessman)
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Peter Chan Chun-chuen (born 23 December 1959), earlier known as Tony Chan, is a Hong Kong businessman and the former
Feng shui Feng shui ( or ), sometimes called Chinese geomancy, is a traditional form of geomancy that originated in ancient China and claims to use energy forces to harmonize individuals with their surrounding environment. The term ''feng shui'' mean ...
geomancer to the late Nina Wang, who at the time of her death was chair of Chinachem Group and Asia's richest woman. He laid claim to Wang's HK$83 billion estate after she died from
ovarian cancer Ovarian cancer is a cancerous tumor of an ovary. It may originate from the ovary itself or more commonly from communicating nearby structures such as fallopian tubes or the inner lining of the abdomen. The ovary is made up of three different ...
in 2007, claiming to have been her lover.


Personal life and business activities

Chan was born in Hong Kong with family roots in
Xinhui Xinhui, alternately romanized as Sunwui and also known as Kuixiang, is an urban district of Jiangmen in Guangdong, China. It grew from a separate city founded at the confluence of the Tan and West Rivers. It has a population of about 735,50 ...
, Guangdong. He is a partial owner, along with Wang's estate, of RCG Holdings Limited (, ), a
biometrics Biometrics are body measurements and calculations related to human characteristics and features. Biometric authentication (or realistic authentication) is used in computer science as a form of identification and access control. It is also used t ...
and
RFID Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects. An RFID system consists of a tiny radio transponder called a tag, a radio receiver, and a transmitter. When tri ...
solution provider which was listed on the
Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...
in February 2009. He is married to Tam Miu-chung; their first child, Wealthee Chan, was born in 1993. In March 2013, Tony Chan was baptised as a Christian and took the name Peter Chan on the occasion of his conversion. He stated that he began considering conversion when his driver quit in 2012 and gave him a Bible as a parting gift. He also indicated that he would no longer practise feng shui after his conversion.


Estate battle

After Nina Wang's death in 2007, Chan presented a 2006 document purporting to be her last will and testament, which left all of her assets to him. This would have been a complete reversal of Wang's earlier 2002 will, in which she stated that she wished to bequeath her fortune to Chinachem Charitable Foundation, a trust run by her family. On 2 February 2010, the
Hong Kong High Court The High Court of the Hong Kong Special Administrative Region is a part of the legal system of Hong Kong. It consists of the Court of Appeal and the Court of First Instance; it deals with criminal and civil cases which have risen beyond the l ...
ruled that Wang's estate belonged to the Foundation and not to Chan. Justice Johnson 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." The judge found Wang's signature on the 2006 will relied on by Tony Chan to be "a highly skilled simulation", on the basis of which the Hong Kong Police arrested Tony Chan the next day. He was released on HK$5 million (US$640,000) bail. Hong Kong's Inland Revenue Department 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.


Criminal case

On 4 July 2013, Chan was convicted of two criminal fraud charges in a jury trial. He was convicted of forging the will and of using a false document by majority verdicts. He was sentenced to 12 years in prison. He filed for leave to appeal against his conviction the following week.


References


External links


Chinachem Charitable Foundation Ltd v. Tony Chan and others: Judgment of Mr Justice Lam
Hong Kong High Court, 2 February 2010. Retrieved 24 March 2014. {{DEFAULTSORT:Chan, Peter Hong Kong businesspeople Hong Kong criminals 1959 births Living people