Amid allegations of huge fraud, report says Ngs pocketed $158m from Pacific Andes - Undercurrent News

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Pacific Andes

Amid allegations of huge fraud, report says Ngs pocketed $158m from Pacific Andes

Liquidators of Pacific Andes group companies allege that the founders of the fishing conglomerate saw at least $158m in benefits from a massive fraud scheme

By Tom Seaman and Jason Smith | May 2, 2019 16:41 BST

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By its own financial filings and company statements, Pacific Andes International Holdings (PAIH) generated some HKD 12.5 billion ($1.61bn) in 2014, making it the world's 13th largest seafood company by sales. [...]

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Contact the authors tom.seaman@undercurrentnews.com, jason.smith@undercurrentnews.com

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