Hong Kong building authorities have initiated 205 prosecutions against six people and two companies over alleged subpar steel reinforcement work at a CK Asset Holdings residential project after the city’s anti-corruption agency earlier uncovered suspected bribery in exchange for lax supervision. The Buildings Department said on Friday that it had received a report last August…
A CK Asset residential project in Hong Kong is in the spotlight after the anti-corruption agency arrested 10 suspects and uncovered subcontractors allegedly offering incentives to site supervisors in exchange for lax oversight of subpar steel reinforcement work. The latest bribery scandal is not the only hiccup for the project in Kwun Tong, which had…
A bribery scandal involving a 10 per cent shortfall of steel rebar in a residential project under Hong Kong real estate giant CK Asset is the result of collective and wilful oversight at the construction site, independent engineers have warned. While describing the incident as rare, they agreed that the government should step up inspection…