Rafael Hui, Hong Kong’s former No. 2 official, used his position of power to serve his own private interest and received secret and disguised payments from Sun Hung Kai Properties Ltd., prosecutor David Perry said.
Nancy Kissel , who denies murdering her Merrill Lynch & Co. banker husband in 2003, stood to gain millions of dollars from his death, prosecution lawyer David Perry told a Hong Kong court in her retrial.
Rafael Hui negotiated a private consulting agreement with the billionaire brothers running Sun Hung Kai Properties Ltd. at the same time the Hong Kong pension authority he headed agreed to renew its lease with the company in 2003, the city’s High Court was told.
Thomas and Raymond Kwok, the billionaire brothers who run Hong Kong’s second-largest developer, used sham contracts to disguise millions of dollars of payments to the Chinese city’s former No. 2 official, the High Court was told.
Rolls-Royce Holdings Plc, the second-biggest manufacturer of jetliner engines, signaled that it’s ready to sit out a boom in industrial mergers, opting instead for a 1 billion-pound ($1.7 billion) share buyback.
BP Plc’s Atlantis platform, its second-largest oil producer in the Gulf of Mexico, should be shut down until it’s proven to comply with U.S. safety and environmental laws, a whistle-blower’s lawyer told a judge.
Los Angeles Mayor Eric Garcetti is taking to Twitter, Facebook and Google+ to muscle his city into contention for director George Lucas’s museum of everything from Darth Vader’s costume to Norman Rockwell paintings.