Nina Wang’s former feng shui adviser and lover Tony Chan lost a bid for her $12 billion estate, with Hong Kong’s Court of Appeal dismissing his attempt to overturn an earlier ruling that the fortune should go to charity.
The judge described it as a throughouly dishonest case. Chan was arrested on charges of forgery as a result. He says he will appeal to Hong Kong’s highest court, adding a further chapter to the world’s biggest probate litigation. Chan claimed Wang left him her fortune after a 15-year intimate relationship that began when he was hired to help find her kidnapped husband Teddy, with whom she built the Chinachem Group into one of Hong Kong’s biggest closely held developers.
She had provided a 2002 will leaving her property to charity but then he presented a 2006 will to the court which purported to give him everything but the court found it to be a forged documents and charged him criminally. He has pledged to file an appeal to the highest court.
The 2002 will, which the appeal judges said was indisputably valid, devised the estate to the foundation that she established with her husband,Teddy in 1988. The foundation would award Chinese prizes of worldwide signficance, similar to that of the Nobel Prizes, according to the judgment.
The estate dispute described by the Probate Litigation Attorneys as the world's biggest probate dispute was similar to a will contest Nina Wang had with her father in law regarding her husband Teddy's billions and control of the company.
Wang had also been arrested during her will contest and probate dispute regarding forgery of her husband's estate for a will she claims he made just prior to the second time he was kidnapped in 1990. The police dropped the charges after the court of Final Appeal ruling.
Wang, died in 2007 at 69 with no children. She married Teddy in 1955 at the age of 18.
The couple turned a Shanghai paint and chemical business, started by Teddy’s father, into a property developer with extremely valuable properties.
The case is between Chinachem Charitable Foundation Limited and Chan Chun Chuen and the Secretary for Justice, CACV62/2010 in the Hong Kong High Court of Appeal.
The prior courts opinion can be found here.
source Kelvin Wong and Debra Mao Nina Wangs ex lover loses bid for 12 Billion dollar estate.
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