Hong Kong Billionaire Convicted of Conspiracy to Bribe Top Official

December 19, 2014 9:12 AM

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Hong Kong billionaire Thomas Kwok was convicted of conspiring to bribe one of the city’s former top officials on Friday, following five days of deliberations by a nine-member jury.

Kwok was found guilty of colluding with Hong Kong’s former No.2 government official Rafael Hui to make payments of $1.1 million and ensure favorable treatment for his real estate company, Bloomberg reports.

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