SUBSCRIBERS
UK to return ex-Macau official's corrupt assets worth US$43m
Published Tue, Nov 3, 2015 · 09:50 PM
Hong Kong
BRITAIN has agreed to repatriate to Macau some US$43 million of ill-gotten assets belonging to a former top Macau official who was jailed in 2008 for bribery and money laundering.
Under the agreement, "most of the illicit assets abroad" of Macau's former secretary for transport and public works would be sent back to the former Portuguese colony in south-east China, the Macau government said in a statement on Tuesday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’
US jobs growth slows in April; jobless rate up to 3.9%
Magnitude 6.0 quake strikes Philippines, aftershocks and damage expected