Saturday, July 02, 2022

Dore scandal’s Chao ordered to repay MOP 100 million


Macau’s Court of First Instance has ordered local resident Chao Ioc Mei to repay junket operator Dore Entertainment a total of MOP 103 million (US$12.9 million), local media reports.

Ms. Chao had allegedly absconded with several hundred million last year from Dore Entertainment Co. Ltd, using her position to illegally pool deposit capital by offering high interest rates without the company’s knowledge.

The court’s notice states that Ms. Chao has to repay MOP 103 million to Dore, as well as an annual interest of 6 percent on the outstanding money.

Dore would also have the legal right to request the seizure of Ms Chao’s assets should she be unable to repay the money.

The court’s order will come into force 30 days after the issuance of the second notice.

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