Judge rejects tycoon鈥檚 appeal for bail
Print Edition
A Hong Kong court yesterday rejected property tycoon Thomas Kwok鈥檚 plea for bail as he appeals a five-year prison sentence for bribing a senior official.
The 63-year-old, who was the joint chairman of Hong Kong鈥檚 biggest property company Sun Hung Kai, was jailed in December after he was found guilty of conspiracy to commit misconduct in a public office over a series of payments totalling HK$8.5 million (US$1.1 million) given to former city deputy leader Rafael Hui.
The high-profile case shocked the city and deepened anger over cosy ties between officialdom and big business.
Kwok, who is serving his sentence at the city鈥檚 maximum security Stanley Prison, has appealed the ruling and asked the court to grant him bail as he awaits the outcome.
But his plea was rejected by appeals court judge Yeung Chun-kuen.
Hui, the city鈥檚 former chief secretary for administration, was jailed for seven and a half years on a total of five graft charges, making him the highest-ranking official in the city鈥檚 history to be found guilty of taking bribes.
During a seven-month trial, the prosecution said Hui was made the 鈥渆yes and ears鈥 in government for Sun, while he enjoyed an extravagant standard of living.
The case fuelled anger at what locals call 鈥渃ollusion鈥 between government and businesses, with many young Hong Kong people struggling with a lack of opportunity amid soaring property prices and stagnant wages.
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