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China Fishery trustee wants Ngs ousted for alleged ‘treachery’ over $31m claim

'There is no sound business justification for the alleged CFGI guaranty, and the foregoing circumstances suggest activity bordering on potential collusion' -- CFG trustee William Brandt

By Jason Smith | May 24, 2021 19:30 BST
Credit: Doidam 10/Shutterstock.com
Credit: Doidam 10/Shutterstock.com
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China Fishery Group (CFG) trustee William Brandt is asking a New York bankruptcy judge for an emergency hearing to oust members of the Ng family that founded Hong Kong’s Pacific Andes International Holdings (PAIH) from their roles as CFG directors [...]

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