Sex, Lies and Probates

With her antenna-like pigtails, Nina Wang is one of Hong Kong's least likely moguls. She may also be one of the shrewdest. After assuming control of her husband Teddy Wang's estate a decade ago, she transformed his property development company, the Chinachem Group, into a multi-billion dollar behemoth. But the good times may be coming to an end. After a 171-day courtroom inheritance battle, a Hong Kong judge ruled on Nov. 21 that Nina Wang had "probably" forged her husband's will. The judge awarded Teddy Wang's estimated $128 million estate to his 90-year-old father, Wang Din-shin. The decision is the latest...

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