Lender hits embattled Hui with demand for $9.8m

Local | Eddie Luk 21 Aug 2013

Scandal-plagued former chief secretary Rafael Hui Si-yan faces yet another lawsuit that demands debt repayment of nearly HK$10 million.

Hui is being sued by Chong Hing Bank for a loan of more than HK$9.84 million.

The lender is the third creditor to sue for outstanding loans.

In a writ filed in the High Court yesterday, the bank asks Hui to repay the money with interest.

It states that Hui was granted two facility letters and a credit card.

The bank is the second creditor within a month to sue Hui, 65, for outstanding loans.

Last week, a subsidiary of Sun Hung Kai Properties sued him for HK$3.16 million over a defaulted loan.

Honour Finance is seeking repayment from Hui, who acted as guarantor to a loan of HK$3.16 million that Honour granted to Top Faith Enterprises - owned and controlled by him - under a facility letter dated May 19, 2004.

In April, the Bank of East Asia filed a writ in the High Court demanding Hui repay debts related to overdrafts and credit cards.

Hui was given two overdraft facilities and two credit cards.

The filing of the writs comes as Hui faces charges of bribery and misconduct in public office.

Hui faces eight charges, including misconduct in public office and conspiracy to commit misconduct in public office.

Sun Hung Kai Properties co- chairmen Thomas Kwok Ping-kwong and Raymond Kwok Ping-luen face charges of conspiracy to commit misconduct in public office.

The charges allege that between 2000 and 2009, Hui received about HK$34 million in cash and loans.

The trial will be heard in the Court of First Instance in May.

More than 70 witnesses are expected to be summoned during the trial.

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