Chan, Paul Cheuk Chi 陳卓智

HKICPA fines Baker Tilly and Mr Au Yiu Kwan over 2006 Egana auditOur article, 26-Jul-2007
HKICPA, 27-Jun-2018
At last, 11 years after Webb-site blew the whistle on the Egana fraud in our article of 26-Jul-2007, Baker Tilly and its former director get a slap on the wrist and fines of HK$250k and HK$100k respectively for their duff audit. BT even tries to claim that it wasn't responsible for its directors' failings. The audit fee for that year alone was HK$1.47m, far more than the fines. Egana had a market value of HK$7.76bn (US$1bn) on the day of our article, all of which was lost in the collapse.
Paul Chan Cheuk Chi v HKICPA
HK Court of Appeal, 8-Feb-2013
HKICPA disciplines Paul Chan Cheuk ChiReasons
HKICPA, 24-Feb-2012
The unnamed finance director (actually, manager) is Steve Lam Sing Keung and his unnamed employer was PCCW Ltd (0008). The unnamed corporate practice of which Paul Chan Cheuk Chi was a director is Baker Tilly Hong Kong Ltd. The bogus debit note was to cover the cost of "employing" Lam's girlfriend so that she could get a work visa in HK.

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