Billionaire Kwok Jailed 5 Years for Corrupting H.K. Official

December 23, 2014 6:35 AM

7 0

Billionaire Kwok Jailed 5 Years for Corrupting H.K. Official

Billionaire Thomas Kwok, the former Sun Hung Kai Properties Ltd. co-chairman, was sentenced to five years in jail and fined HK$500,000 ($64,460) for conspiring to corrupt Hong Kong’s No. 2 official.

Rafael Hui, 66, the city’s chief secretary from 2005 to 2007, was sentenced to 7 1/2 years for five charges including taking HK$8.5 million from Kwok to be favorably disposed to Sun Hung Kai, the world’s second-most valuable real estate firm. Thomas Chan, a former executive director of the company, ...

Read more

To category page

Loading...