(Jan 13): US prosecutors denied claims by Archegos Capital Management’s Bill Hwang that fraud charges against him should be thrown out because of their “deceitful” conduct.

The government acted in good faith when investigators agreed to hear presentations by Hwang and his lawyers, who were seeking to avoid charges from the investigation, prosecutors argued in court papers filed late Thursday night. Hwang and former Archegos chief financial officer Patrick Halligan were arrested April 27 and charged in the collapse of Archegos, which at one point held market positions valued at US$160 billion (RM693.76 billion), according to prosecutors.