The top executive at Pacific Andes International Holdings on Friday pushed back against allegations that the founding Ng family orchestrated a wide-scale fraud operation across its global network of companies that reached levels in the "multi-billions."
In a filing in the US Bankruptcy Court for the Southern District of New York on April 29, liquidators FTI alleged that among many suspicious transactions, it found $845 million (€756.3 million) in funds the group used for an entity called Solar Fish were actually circulated through various channels and, ultimately, back to Pacific Andes.
