Charity loses courtroom bid for control of tycoon's fortune

Hong Kong's highest court has ruled that a charity entrusted with the late property tycoon Nina Wang's multibillion-dollar estate will have to follow her will to the letter.

The Chinachem Charitable Foundation saw its final attempt to exercise greater control over Wang's HK$82 billion ($10.5 billion) fortune quashed by the Court of Final Appeal on Monday.

The decision comes five years after a court ruled that the fortune was left to the charity, rather than to a self-proclaimed feng shui master now serving a 12-year prison sentence for faking Wang's will.