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Thomas and Raymond Kwok charged in corruption scandal

Published: 13th Jul 2012 07:52:18

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Two billionaire property developers in Hong Kong have been charged with bribery-related offences in a high-profile corruption case.

Thomas and Raymond Kwok, co-heads of Sun Hung Kai Properties, will appear in court later on Friday.

Authorities allege they gave bribes in exchange for information on land sales between 2005 and 2007. The brothers have previously denied the allegations.

Sun Hung Kai is Asia's most valuable real estate company.

Rafael Hui, formerly Hong Kong's second highest ranking government official, has also been charged.

The brothers appeared before the city's anti-corruption agency earlier on Friday.

The two men left after their appearance at the Independent Commission Against Corruption without making any comments.

Mr Hui, the Kwok brothers and two other businessmen face eight charges including conspiracy to offer advantages to a public servant and misconduct in public office.

The brothers were taken into custody in March but are out on bail.

Trading in shares of Sun Hung Kai were suspended shortly after the markets opened in Hong Kong.

Source:
BBC NewsExternal LinkShow Citation

Harvard Citation

BBC News, 2012. Thomas and Raymond Kwok charged in corruption scandal. [Online] (Updated 13 Jul 2012)
Available at: http://www.ukwirednews.com/news.php/1440319-Thomas-and-Raymond-Kwok-charged-in-corruption-scandal [Accessed 19th May 2013]
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