Hong Kong lawmakers adjourned a public hearing today attended by Timothy Tong, the former head of the city’s anti-graft body being investigated for corruption, expressing dissatisfaction with his answers to questions on the agency’s spending during his five-year term.
Ma Sin-chi, a Deutsche Bank AG managing director in Hong Kong, was charged with accepting HK$24.8 million ($3.2 million) in bribes in exchange for advice on the trading of derivative warrants issued by the bank.
Pearl Oriental Oil Ltd. said that Chairman Wong Yuk-kwan, a deputy chairman and an executive director were questioned by Hong Kong’s anti-graft agency in connection with an investigation into alleged bribery offenses.
Sun Hung Kai Properties Ltd., Hong Kong’s biggest developer by market value, said an executive director was arrested by the city’s anti-corruption body as part of an investigation into alleged bribery.
Australian Prime Minister Julia Gillard began a five-day visit to the key election battleground of western Sydney, her Labor party’s traditional stronghold that surveys indicate wants a change of government.
The billionaire co-chairmen of Hong Kong’s biggest property developer will face bribery-related charges, public broadcaster Radio Television Hong Kong reported as Thomas and Raymond Kwok returned to the headquarters of the city’s anti-graft agency three months after being arrested.
Galleon Group LLC co-founder Raj Rajaratnam, facing insider-trading charges, asked a judge to throw out government wiretaps of 2,400 of his conversations and evidence prosecutors gathered after listening to them.
U.S. Treasury Secretary Timothy Geithner agreed to answer questions in writing in Lehman Brothers Holdings Inc.’s lawsuit against JPMorgan Chase & Co., which claims the bank contributed to Lehman’s collapse in 2008.