Allen Chan, the former CEO of Sino-Forest Corp., was the “controlling mind” behind alleged frauds that robbed shareholders of value, a securities tribunal heard Monday. After 173 days of hearings, a lawyer for the Ontario Securities Commission kicked off closing arguments in the case against five Sino-Forest executives accused of perpetrating a massive fraud before the forestry company collapsed in 2012. Chan was a “hands-on” CEO who signed off on all of the company’s transactions during Monday morning meetings, Hugh Craig told the three-member tribunal.
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