Re: Nina Wang
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DJ HK Court Finds Nina Wang Will Held By Feng Shui Master Invalid
HONG KONG (Dow Jones)--A Hong Kong court ruled Tuesday that a 2006 will by late billionaire Nina Wang purporting to give her entire estate to feng shui master Tony Chan was forged, upholding the validity of an earlier will that makes Wang's charitable foundation the sole beneficiary of her fortune.
The High Court's ruling deals a major blow to Chan's fight over the estate of one of Asia's richest women, with whom he claimed to have been romantically involved before her death in 2007.
High Court judge Johnson Lam said in his ruling he didn't believe the 2006 will was signed by Wang, adding that he 'doesn't believe that their relationship was such that Nina was prepared to give him her entire estate.'
Wang, who died of cancer, was known for successfully laying claim to the real-estate empire left by her late husband, Teddy Wang, who was kidnapped in 1990 and never heard from again.
After her death, the charity she helped establish was expected to take control of her fortune, according to a will dated 2002.
But Chan later produced a second will, dated 2006, declaring him the sole heir.
'The 2002 will was the product of Nina's charitable aspiration...The 2002 will truly reflected the long-held intention on the part of Nina to leave her estate to charity,' the judge said.
Source; Lorraine Luk and Jonathan Cheng, Dow Jones Newswires
HONG KONG (Dow Jones)--A Hong Kong court ruled Tuesday that a 2006 will by late billionaire Nina Wang purporting to give her entire estate to feng shui master Tony Chan was forged, upholding the validity of an earlier will that makes Wang's charitable foundation the sole beneficiary of her fortune.
The High Court's ruling deals a major blow to Chan's fight over the estate of one of Asia's richest women, with whom he claimed to have been romantically involved before her death in 2007.
High Court judge Johnson Lam said in his ruling he didn't believe the 2006 will was signed by Wang, adding that he 'doesn't believe that their relationship was such that Nina was prepared to give him her entire estate.'
Wang, who died of cancer, was known for successfully laying claim to the real-estate empire left by her late husband, Teddy Wang, who was kidnapped in 1990 and never heard from again.
After her death, the charity she helped establish was expected to take control of her fortune, according to a will dated 2002.
But Chan later produced a second will, dated 2006, declaring him the sole heir.
'The 2002 will was the product of Nina's charitable aspiration...The 2002 will truly reflected the long-held intention on the part of Nina to leave her estate to charity,' the judge said.
Source; Lorraine Luk and Jonathan Cheng, Dow Jones Newswires