Offer To The CEO

Friday, continued …

Lu Jingho's female lawyer continued, "The court should not upset these agreements, and more importantly in our view before anything further proceeds in this case direct the National Prosecutors to investigate this. Based on our instructions they will easily find this illegal behaviour, and we would then ask the court to drop all charges against our client and order that CEO and Madam Hou, not only pay all money that our client, out of sympathy for this abuse of these innocent girls has paid, but order significant financial compensation to our client and Lu Corporation."

As the female lawyer sat down the National Prosecutors representative stood up, but before anything could be said the judge said, "Please sit down, I know exactly what you are about to say."

After a brief pause the judge then continued "Mr Lu. There are three matters here. Firstly, the agreements themselves. I agree with the National Prosecutors that the compensation and other components of the agreements would be inadequate. However, the agreements are fully in compliance with the law, and more importantly evidence that you paid for the independent legal advice each person who has signed these agreements has received. The National Prosecutors have, other than their opinion did not provide any evidence to show that the court should not accept these agreements, despite the inadequacies. My order in relation to the agreements, is I will accept them, and the relevant charges are to be immediately withdrawn."

The National Prosecutors nodded at the words of the judge and handed to the court staff paperwork to withdraw the charges, with the judge immediately signed.

Continuing, the judge said "The second matter is what is to be revealed to the press. I have no option but to release information to the press otherwise it distorts the share markets, and interferes with, what is at this point in time, legitimate actions of CEO and Madam Hou to dispose of shares that they have legitimately purchased."

The judge then signalled to the court staff who handed to both legal teams a stapled document. The judge then said, "Please take a couple of minutes to read this."

A few minutes later, both the National Prosecutors and Lu Jingho's legal team indicated that they had read the document. The judge continued "I will not debate either of you about this information. It is a balancing act, to release enough information to protect the stock market, give what CEO and Madam Hou, and CEO and Madam Yao heard. As you can see, I have minimised the information to be released indicating that agreements have been reached in respect to thirty charges. Additionally, it indicates, that for those who are artists contracted to Lu Corporation it has become involved to allow options for those artists. It further makes it clear that there is no admission of guilt by either Lu Corporation, or you Mr Lu."

"Finally, Mr Lu, I understand your lawyers are putting forward your instructions, but we would not be in this position if the police and National Prosecutors were certain as to their evidence. Unless you can provide evidence to support those claims, any further statements of that nature in this court room will see additional charges laid for breaching the order that I am about to make. You cannot use these proceedings to pursue an agenda that you may have with CEO and Madam Hou and are now banned from making such allegations in this court without any evidence to support your claims."

"Now gentleman, before I re-open the court an allow the representatives of other victims and the victims to return into the court room, Mr Lu, can your representatives please give me an indication as to whether or not there are additional negotiations with other alleged victims to resolve the matters before the court? Additionally, from the National Prosecutors Office I need an indication have there been other potential victims come forward?"

The National Prosecutors Office representative stood up "Sir, based on the information form the police, they have had fifteen other potential victims come forward, and are still investigating the claims. There were an additional two that they have already investigated and determined there is insufficient evidence to proceed and ten others, the charges of which have been provided to Mr Lu's legal team."