ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Caixin

Fraud claims fly as China investment firm CMIG turns on ex-partner

Conglomerate demands AMTD's Choi repay billions of yuan

Calvin Choi, Chairman and CEO of AMTD International, center, in 2019: In August, CMIG hung banners in Hong Kong accusing Choi of defaulting on his debts.    © Reuters

Embattled private investment conglomerate China Minsheng Investment Group Corp. (CMIG) has turned against former partner Calvin Choi, chairman and CEO of Hong Kong-based financial services provider AMTD Group, accusing Choi of financial fraud, as the debt-ridden investment firm struggles to pay off its debts.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more