Convoy fraud: Roy Cho could face seven years in jail after case is referred to District Court

Roy Cho Kwai-chee, the alleged mastermind in the fraud involving independent Hong Kong financial advisory firm Convoy Global holdings, could face longer jail time along with two associates, after a magistrate on Wednesday referred the case to the District Court, a higher court that can impose jail sentences of up to seven years.A pretrial hearing is scheduled for September 2 to arrange the transfer.Cho, 55, a former executive director at Convoy, was charged by the Independent Commission Against…

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