HK arrest warrant for real estate boss
By Zhang Fengming |
July 6, 2011, Wednesday
|
Print Edition
Print Edition
HONG Kong's District Court has issued an arrest warrant for property boss Zeng Wei as he failed to turn up in court to face bribery and money laundering charges, Hong Kong's anti-corruption body said yesterday.
Zeng, 48, allegedly offered HK$4.3 million (US$553,000) in bribes to bank officers and conspired to launder HK$2.3 million in crime proceeds, Hong Kong's Independent Commission Against Corruption said on its website yesterday.
Chinese citizen Zeng is the major shareholder and director of Hong Kong-based United Win Holdings Ltd. He was earlier granted cash bail of HK$800,000. He was required to appear in court on Monday.
The ICAC alleged Zeng offered HK$2.3 million to Derick Chan Po-fui, former head of corporate banking of the Industrial and Commercial Bank of China Ltd's Asia division, on October 5 to reward him for extending the repayment dates of loans owed by Zeng or his companies to the bank.
ICBC Asia is a unit of Beijing-based ICBC, the world's biggest bank by market value.
Zeng is also accused of having conspired with Chan on how to launder the HK$2.3 million on the same day, knowing that it represented the proceeds of an indictable offense.
Chan pleaded guilty on Monday to accepting HK$1 million and HK$2.3 million respectively from Zeng.
Meanwhile, Zeng is also charged with offering HK$2 million to Chan Yick-yiu, former head of real estate and finance of ICBC Asia, as a reward for assisting Zeng in preparing credit proposals for loan applications.
Zeng, 48, allegedly offered HK$4.3 million (US$553,000) in bribes to bank officers and conspired to launder HK$2.3 million in crime proceeds, Hong Kong's Independent Commission Against Corruption said on its website yesterday.
Chinese citizen Zeng is the major shareholder and director of Hong Kong-based United Win Holdings Ltd. He was earlier granted cash bail of HK$800,000. He was required to appear in court on Monday.
The ICAC alleged Zeng offered HK$2.3 million to Derick Chan Po-fui, former head of corporate banking of the Industrial and Commercial Bank of China Ltd's Asia division, on October 5 to reward him for extending the repayment dates of loans owed by Zeng or his companies to the bank.
ICBC Asia is a unit of Beijing-based ICBC, the world's biggest bank by market value.
Zeng is also accused of having conspired with Chan on how to launder the HK$2.3 million on the same day, knowing that it represented the proceeds of an indictable offense.
Chan pleaded guilty on Monday to accepting HK$1 million and HK$2.3 million respectively from Zeng.
Meanwhile, Zeng is also charged with offering HK$2 million to Chan Yick-yiu, former head of real estate and finance of ICBC Asia, as a reward for assisting Zeng in preparing credit proposals for loan applications.
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