HK tycoon to face bribery charges in Macau

26-May-2012 Intellasia | Macaubusiness | 7:01 AM Print This Post

A local court has decided to hear a bribery case against Joseph Lau Luen-hung, the chair of Chinese Estate Holdings.

The firm, in a regulatory filing to the Hong Kong Stock Exchange, said the Court of First Instance would handle the case “in due course.”

Lau is accused of bribery and money laundering in relation to the acquisition of the plot of land in Macau where Chinese Estate Holdings is building the La Scala residential complex.

The case is connected with the latest trial involving former Secretary for Transport and Public Works, Ao Man Long.

Lau and Steven Lo Kit-sing, chair of BMA Investment, allegedly offered Ao around MOP20 million in 2005 to secure the land parcel.

http://www.macaubusiness.com/news/hk-tycoon-to-face-bribery-charges-in-macau/16269/

 


Category: Hong Kong

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