Sun Hung Kai's Kwok brothers on bribery trial
[HONG KONG] A blockbuster corruption trial involving Hong Kong property tycoons Thomas and Raymond Kwok got underway yesterday, with all five defendants pleading not guilty to bribery charges.
The billionaire Kwok brothers, who jointly chair development giant Sun Hung Kai Properties, were arrested along with Hong Kong's former chief secretary Rafael Hui in a major swoop by the city's anti-graft watchdog in March 2012.
The Kwoks, aged 62 and 60, were accused of bribing Hui, who once held the second-highest position in the southern Chinese territory's government.
TRENDING NOW
LTA proposes combining car COE categories, adding rebate-surcharge system
StarHub to acquire MyRepublic’s mobile business amid ongoing telco consolidation
DBS, OCBC, UOB rout lops billions off STI as inflation, rate concerns spook investors
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose