Saturday, June 19, 2021

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Former Hong Kong Minister Convicted in Bribery Scheme

A former Hong Kong home-affairs minister who toured the world marketing China’s global investment and infrastructure program was convicted Wednesday of bribing African officials to secure oil rights for a Chinese energy conglomerate. The high-profile case that played out in...

Ex-Hong Kong politician faces jail after bribery conviction in US

A former Hong Kong politician faces jail time in the US after being convicted of scheming to offer millions of dollars in bribes to African leaders, through contacts made at the United Nations. Patrick Ho Chi-ping, 69, was on...

Trial starts for Hong Kong businessman in bribery case

The New York trial of a prominent Hong Kong businessman charged in a United Nations-linked bribery conspiracy is set to begin with jury selection Monday. The trial of Dr. Chi Ping Patrick Ho begins a year after he was...

Hong Kong: Senior policeman jailed for 28 months in bribery case

 A Hong Kong police superintendent involved in a HK$570,000 (US$72,700) bribery case was sentenced to 28 months in jail, as the judge slammed the senior officer for neglecting his law enforcement role. Ng Wai-hon, who joined the force as an...

Hong Kong: SFC Consults On Proposed Amendments To Its Anti-money Laundering And Counter-terrorist Financing Guidelines.

Introduction  The Securities and Futures Commission (“SFC”) has on 5 July 2018 commenced a one-month consultation (the “Consultation Paper”) on proposals to amend (a) the Guideline on Anti-Money Laundering and Counter- Terrorist Financing (the “AML Guideline”), and (b) the Prevention...

US prosecutors reject ex-Hong Kong minister Patrick Ho’s attempt to get bail in bribery case

US prosecutors have objected to ex-Hong Kong minister Patrick Ho Chi-ping’s fourth attempt to get bail after being behind bars for more than seven months, arguing that their investigations showed evidence of his guilt had “become stronger”. In an 18-page...

Chinese aluminium tycoon Liu Zhongtian indicted in US over tariff evasion of US$1.8 billion

Chinese aluminium billionaire Liu Zhongtian has been indicted in the US on allegations that he evaded US$1.8 billion in American tariffs, using a complex scheme that allegedly smuggled vast quantities of the metal into the US using a series...

Two Taiwan banks fined for breaching anti-money laundering laws

The Financial Supervisory Commission (FSC) yesterday fined Citibank Taiwan Ltd (花旗台灣) NT$10 million (US$357,194) and DBS Bank Taiwan (星展台灣) NT$6 million for breaches of the nation’s anti-money laundering (AML) regulations. The NT$10 million fine is the highest penalty that it...

Former BP oil executive gets 54 months prison in Singapore bribery scheme

A former director of BP Singapore was jailed for 54 months and ordered to pay a penalty of about S$6.22 million on Tuesday (May 11) for taking bribes. Clarence Chang Peng Hong had suggested that Koh Seng Lee set up...

Money launderer for Venezuela gets 4 years prison in PDVSA bribery case

A federal judge has sentenced a Miami money manager to nearly four years in prison for his role in a $1.2 billion conspiracy to embezzle funds from Venezuela’s state-owned oil company. Prosecutors had been seeking a much stiffer sentence against Gustavo...

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UK’s Scotland Yard to review sex trafficking allegation against Ghislaine Maxwell

Scotland Yard has confirmed it is to review a dossier of allegations that Ghislaine Maxwell trafficked, groomed and sexually...
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