Raymond Kwok News
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Hong Kong’s anti-corruption agency accepted a gift worth more than HK$200,000 ($25,765) from mainland Chinese officials in 2007, Now TV reported today, citing the body’s former head.
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Police began probing the Hong Kong Mercantile Exchange Ltd., owner of the failed commodities market set up by a member of the city’s cabinet, after the securities regulator found suspected financial irregularities.
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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.
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Hong Kong’s anti-graft agency will investigate its former head amid allegations of corrupt practices and misconduct after he spent more than $100,000 on gifts and travel during his term.
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Thomas and Raymond Kwok, the billionaire co-chairmen of Sun Hung Kai Properties Ltd., pleaded not guilty to corruption charges involving payments and loans to Hong Kong’s former No. 2 official Rafael Hui.
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Sun Hung Kai Properties Ltd. Co- Chairman Raymond Kwok denied any wrongdoing and his brother Thomas said it was business as usual five days after Hong Kong’s anti-graft regulator detained the pair as part of a bribery investigation.
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Sun Hung Kai Properties Ltd.’s billionaire co-chairmen Thomas and Raymond Kwok and Hong Kong’s former No. 2 official Rafael Hui, facing bribery-related offenses, had their bail terms extended today.
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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.
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The billionaire co-chairmen of Hong Kong’s biggest developer Sun Hung Kai Properties Ltd. and the city’s former No.2 government official were charged with bribery and public misconduct by the city’s anti-graft agency.
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Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
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