Court hears Hong Kong tycoon tricked into giving away fortuneApril 14th, 2009 - 5:03 pm ICT by IANS
Hong Kong, April 14 (DPA) Asia’s richest woman signed a will giving away her entire $13 billion fortune believing that the document was only for use in a feng shui ceremony, a court heard Tuesday.
Nina Wang, who died of cancer aged 69, was told by feng shui master Tony Chan to sign the 2006 will which he said would be burned later to give her a longer life, Hong Kong’s High Court was told.
Instead, according to an expert report given to the court by Wang’s family, Chan kept the document and used it to claim her estate after her death in 2007.
The accusation was immediately rebutted by Chan’s lawyer who said it was unfair to make an allegation of fraud based upon a report written by another feng shui expert.
Feng shui is a traditional Chinese practice of divining the elements such as wind and water to ensure good fortune. Hong Kong people regularly consult feng shui masters to determine the best days for everything from moving house and office to getting married.
The claim is the latest twist in a sensational battle over the fortune of Wang, former head of the Chinachem property empire, with whom Chan claims he had a secret 14-year love affair.
However, Wang’s family claim the 2006 will naming Chan as sole beneficiary cannot be relied upon and that a 2002 will leaving the money to her family and charities should be used instead.
A bitter court battle is now looming over Wang’s fortune, estimated to be worth up to 100 billion Hong Kong dollars ($12.8 billion).
Lawyers for 48-year-old Chan claimed earlier that he and Wang shared a “long-lasting, close and affectionate love” from 1993 to her death.
The pair allegedly had “midnight meetings” disguised as feng shui consultations during their secret affair, which began three years after Wang’s husband Teddy was kidnapped in 1990, never to reappear.
Wang died of ovarian cancer shortly after winning an eight-year legal battle over the fortune of her husband, Teddy, whose fortune she inherited when he was declared legally dead.
Wang then built Chinachem into a multimillion-dollar business conglomerate, but initially lost a probate battle with her elderly father-in-law, which also centred around the authenticity of a will.
- Feng shui master loses battle for fortune of Asia's richest woman - Feb 02, 2010
- Nina Wang's alleged lover claims her multi-billion-dollar fortune - Jun 30, 2009
- Asia's richest woman was feng shui master's lover, court told - Nov 15, 2008
- Court: Nina Wang's lover's will is a forgery - Feb 03, 2010
- Hong Kong politician burns $70,000 on mystic's advice - May 21, 2009
- Asia'S richest woman gave away fortune in return for 'eternal life' - Nov 11, 2008
- Tony Chan's Claim On Nina Wang's Property Has Been Dismissed - Feb 03, 2010
- Nina Wang's pigtails will be presented by Tony Chan - May 11, 2009
- Bogus feng shui master jailed for duping Hong Kong model into sex - Jan 21, 2010
- Jackie Chan among least trustworthy Hong Kong people - Mar 01, 2010
- Masked woman distributes food, money among poor in Hong Kong - May 31, 2011
- Chinese family gets compensation for forced abortion - Jul 11, 2012
- Feng Fei Fei's death announcement delayed - Feb 15, 2012
- Australian Billionaire Gina Rinehart is now the world's richest woman - May 24, 2012
- Jackie Chan defends himself over cancer-causing shampoo endorsements - Aug 24, 2010
Tags: accusation, allegation, april 14, charities, dpa, expert report, feng shui consultations, feng shui expert, feng shui master, good fortune, hong kong dollars, love affair, nina wang, ovarian cancer, richest woman, secret affair, sole beneficiary, tony chan, traditional chinese practice, wind and water