Friday, October 12, 2012

Hong Kong's billionaire Kwok brothers face court on graft charges





Hong Kong's billionaire Kwok brothers appear in court on Friday on bribery charges at the helm of property giant Sun Hung Kai as formal proceedings in the city's highest-profile corruption trial in decades begin.


The stakes are high for the Kwoks and the government, with Sun Hung Kai's share price having fallen sharply since the scandal broke, while Hong Kong's reputation for integrity has been hit by charges also brought against its former chief secretary.









via Business feed http://www.scmp.com/business/companies/article/1059470/hong-kongs-billionaire-kwok-brothers-face-court-graft-charges

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