JPEX case against eight adjourned to December 14
SingTao · 3 SOURCESabout 2 hours ago4 MIN
Summary
Eight defendants linked to the JPEX virtual asset platform case appeared at Eastern Magistrates’ Courts on September 17, where the proceedings were adjourned to December 14 for a further mention. The first defendant, former artiste Cheng Chun-hei, was remanded in custody, while the other seven defendants were allowed to remain on bail under existing conditions.
Key Points
- The case was heard at Eastern Magistrates’ Courts on September 17 before Magistrate Cheng Yun-chung, who adjourned it to December 14 for a further mention.
- The eight defendants are Cheng Chun-hei (鄭雋熹), Siu Wing-him (蕭穎謙), Lam Chok (林作), Chan Wing-yee, also known as Chan Yi (陳穎怡), Au Cheuk-kei (區焯基), Chiu King-yin (趙敬賢), Leung Yee-sheung (梁綺湘) and Ho Kei-man (何紀雯).
- They face charges including conspiracy to defraud, fraud, fraudulently or recklessly inducing others to invest in virtual assets, and dealing with property known or believed to represent proceeds of an indictable offence.
- The alleged amount involved in the case is about HK$110 million, according to the charges outlined in court coverage.
- Cheng Chun-hei separately faces four money-laundering charges involving about HK$18.47 million.
Why It Matters
The adjournment means the criminal proceedings in one of Hong Kong’s most closely watched virtual-asset fraud cases will continue into December, with bail and custody arrangements unchanged for now. For local readers, the case remains a key test of how alleged fraud and money-laundering accusations tied to virtual-asset promotion and investment inducement are handled in court.