A City University (CityU) professor has been sentenced to 4½ months in prison for offering a HK$1,000 (US$128) bribe to a Hong Kong property agent, after a magistrate dismissed the defendant’s claims that the situation arose from “cultural differences”. Du Du, 48, an associate professor at the university’s economics and finance department, was granted bail…
Hong Kong’s market regulator will soon begin inspection of investment banks to assess their roles as sponsors of listing candidates, in its latest effort to uphold the quality of new listings amid a booming market. The Securities and Futures Commission (SFC) said the inspection would focus on whether banks had complied with its January circular,…
Hong Kong’s anti-corruption agency has charged a former university professor with allegedly accepting a HK$40,000 (US$5,100) bribe from a friend and offering red packets to colleagues to facilitate a student’s admission into a master’s degree programme. The Independent Commission Against Corruption (ICAC) on Monday revealed that the friend of Liu Hongbin, 63, a former chair…
Hong Kong’s Independent Commission Against Corruption (ICAC) aims to recruit 50 officers during its latest round of hiring, with about 1,000 people expected to attend its learning event this weekend. Paul Lau Chi-ho, the director of the ICAC’s Hong Kong International Academy Against Corruption, said the watchdog was confident it could fill the vacancies and…
Arrests in a HK$315 million (US$40 million) insider dealing case underscore Hong Kong’s commitment to upholding the integrity of its stock market amid a surge in new listings and share placements, according to industry players. The Independent Commission Against Corruption (ICAC) on Thursday said it had arrested eight people after joining forces with the Securities…
A Hong Kong court has convicted a professor of offering a HK$1,000 (US$128) bribe to a property agent in an attempt to avoid paying HK$16,000 in compensation for breaching a tenancy agreement more than three years ago. Sha Tin Court on Tuesday rejected mainland Chinese scholar Du Du’s claim that he had only intended to…
The Chinese embassy in the United Kingdom has warned its citizens in the country to beware of scams involving fraudsters posing as staff from Hong Kong’s anti-corruption watchdog. In a statement on Monday, the embassy said criminals had recently posed as staff of the city’s Independent Commission Against Corruption (ICAC) to carry out telecommunications fraud….
Hong Kong’s anti-graft watchdog has arrested 22 people on suspicion of corruption linked to seven building renovation projects worth more than HK$200 million (US$25.6 million). The suspects – 17 men and five women, aged 36 to 78 – included directors and employees of four project consultancy firms and three contractors, as well as some of…
The provisional administrator of the housing estate ravaged by Hong Kong’s deadliest fire in decades will attend hearings of the independent committee “as necessary” to represent the “common interests” of the owners’ corporation, the city’s home affairs chief has said amid criticisms that displaced residents lack legal representation in the probe. Secretary for Home and…
Some residents of Tai Po’s Wang Fuk Court have urged an independent committee investigating Hong Kong’s deadliest fire in decades to identify and hold those responsible to account, as the judge leading the inquiry vows a fair and thorough probe. The committee’s first hearing began at 10am on Thursday with a minute of silence to…