Following the revelation that Chan was the mastermind behind the fraud case of Guangnan Holding, he was wanted by Hong Kong's Independent Commission Against Corruption (ICAC).
[1] In 1950, Chan Kai-kit was born in a Chinese family in Thailand,[3] whose roots can trace back to Sanjiang, Hainan.
[6] After traveling to Hong Kong in 1982, he set up factories in Zhuhai and Macau to produce plastic gloves amid the spread of AIDS-phobia throughout Europe and America.
[9] During October 1991 and 1993, the two defrauded the Agricultural Bank of China of HK$364 million when purchasing land in Mai Po, Hong Kong.
[6] In August 1994, Chan founded the first province-level townsmen group,[6] the Macau Hoi Nam Association,[8] and was elected the leader.
Following investigations by Hong Kong's Independent Commission Against Corruption (ICAC), Chan was accused of conspiracy to defraud Guangnan Holding in 1999 along with others.