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Bankrupt medical tech giant makes applications in Cayman court

Grand Court Justice Robin McMillan considered an application for a company whose former founder is alleged to have stolen US $400 million from investors.

China Medical Technologies is a bankrupt medical diagnostics tests company and a registered company in the Cayman Islands.

There was an application to approve fees and formalise terms of a previous order, according to court documents.

There also was a second application to appoint and remove joint official liquidators as the company may be winding up.

About the author

Kevin Morales

Kevin Morales

Cayman 27 News Director Kevin Morales is an award-winning journalist with more than 12 years of experience. Kevin is a Milwaukee, Wis., native. He graduated with a bachelor's degree in journalism in 2005 from the University of Minnesota. He's a proud father and a loyal fan of the Green Bay Packers, Milwaukee Brewers, Milwaukee Bucks and U of M Golden Gophers.

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