Related News
Home » Business » Real Estate
Kwok brothers see extra charges in bribery probe
Print Edition
Thomas and Raymond Kwok, the billionaire co-chairmen of Sun Hung Kai Properties Ltd, had additional charges filed against them yesterday in a bribery investigation surrounding Asia’s largest developer, the company said yesterday.
The Sun Hung Kai probe, Hong Kong’s biggest corruption case since its anti-graft agency was formed nearly 40 years ago, involves one of Asia’s most powerful families and the world’s second-largest property firm with a market worth of US$33 billion.
Thomas Kwok received an additional charge under the anti-graft law, while two extra charges for conspiracy to commit misconduct in a public office were laid against Raymond Kwok, the company said in a statement on the Hong Kong stock exchange.
The case will not affect its business and operations, the company said.
The Kwok brothers and Rafael Hui, the former head of Hong Kong’s civil service, were charged in August 2012 for offences linked to bribery and misconduct in public office.
Thomas Chan, the board member in charge of land purchases at the firm, and Francis Kwan, an ex-banker, have also been charged in the case.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
