Claim: Deacon Chiu rose to fame when he bought the Rediffusion Television and later had charges of falsifying documents but were then dropped after having been diagnosed with Alzheimer's disease.
Evidence: In 1982, he rose to fame when he bought the Rediffusion Television and renamed it Asia Television (ATV), which he sold in 1989. In the 1980s, Chiu and his son David were charged with falsifying documents of the Far East Bank but the case was dropped in 1993 because he had been diagnosed with Alzheimer's disease.