Was the alleged 2011 exclusive management contract likely forged after tax probes?

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The Hong Kong High Court found the alleged 2011 exclusive management contract was highly likely created after tax probes began

Yes. The Hong Kong High Court ruled that a purported 2011 exclusive management contract was highly likely to have been created by Samuel Yu Yuk-hing’s younger brother after Hong Kong’s Inland Revenue Department began investigating a HK$40 million payment AEG made to actress Cecilia Cheung in July 2011.
The court linked the contract to the start of the Inland Revenue investigation
The judgment said the Inland Revenue Department’s investigation began after AEG made a HK$40 million payment to Cheung in July 2011. It was after this point that the court assessed the 2011 exclusive management contract as likely being created.
The agreement was not accepted as a real signed contract
The court found Cheung never signed the exclusive management agreement Yu relied on. It also said there was insufficient proof that Cheung received an advance payment tied to the projects.
The judge criticised Yu’s credibility and conduct in court
The judge described Yu as an “incredible” witness, saying he was evasive and gave internally inconsistent evidence on multiple issues. The ruling also stated Yu demonstrated poor business ethics by being willing to forge documents to mislead tax authorities.
The ruling closed AEG’s multimillion-dollar claim
The case involved AEG’s HK$12 million claim against Cheung, filed over alleged breaches of agreements to appear in multiple films produced by the company between 2011 and 2019. The court dismissed the claim after concluding the contractual basis for the multimillion-dollar action had not been established.

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Was the alleged 2011 exclusive management contract likely forged after tax probes?

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