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LequteMan
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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, was jailed for six years while Francis Kwan got five years.
Hong Kong’s biggest graft trial ended last week with a nine-member jury finding the four men guilty and Kwok stepping down from the company he headed with his younger brother Raymond Kwok since 2011. Raymond was acquitted of all four charges against him and continues as the sole chairman of Sun Hung Kai, which has said the case doesn’t affect its business.
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#HongKong #ThomasKwok #SunHungKai
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, was jailed for six years while Francis Kwan got five years.
Hong Kong’s biggest graft trial ended last week with a nine-member jury finding the four men guilty and Kwok stepping down from the company he headed with his younger brother Raymond Kwok since 2011. Raymond was acquitted of all four charges against him and continues as the sole chairman of Sun Hung Kai, which has said the case doesn’t affect its business.
click here to read more
#HongKong #ThomasKwok #SunHungKai
