Arab Today, arab today hong kong corruption watchdog arrests kwok brothers
Last Updated : GMT 03:51:14
Arab Today, arab today
Arab Today, arab today

Hong Kong corruption watchdog arrests Kwok brothers

Arab Today, arab today

Arab Today, arab today Hong Kong corruption watchdog arrests Kwok brothers

Hong Kong - AFP

Hong Kong\'s anti-graft body on Thursday arrested two of Asia\'s richest property developers, Thomas and Raymond Kwok, for alleged corruption as part of an ongoing bribery probe. The Independent Commission Against Corruption (ICAC) said two senior executives and a former senior government official had been detained in connection with alleged bribery offences. \"Another senior executive of the listed company and four others were earlier arrested for their alleged roles in the same case. While enquiries are continuing, no further comments will be made,\" it said. The commission did not name the suspects but Sun Hung Kai Properties, the property giant co-chaired by the Kwok brothers, confirmed their arrest in a statement to the Hong Kong stock exchange late Thursday. \"The company has been required to provide certain information with regard to the allegations to the ICAC pursuant to a search warrant pertaining to the company’s premises,\" it said. The Kwoks had the full backing of the board and would continue in their current roles as co-chairmen and managing directors, it added. Television footage showed Raymond Kwok entering the ICAC\'s offices earlier in the day. State-run broadcaster RTHK reported that former chief secretary Rafael Hui also had been arrested. The Kwoks are the southern Chinese city\'s richest real estate moguls and Sun Hung Kai is Hong Kong\'s largest developer by market capitalisation. The Kwok family\'s wealth is estimated at $18.3 billion by Forbes magazine. The ICAC arrested senior Sun Hung Kai executive Thomas Chan earlier this month in relation to a bribery case, according to RTHK. Shares in Sun Hung Kai and two of its units, SmarTone Telecommunications Holdings and SUNeVision Holdings, were suspended from trading in Hong Kong pending the release of price-sensitive information. The blue-chip developer, which built and owns some of the most famous landmarks in Hong Kong, earlier reported an interim net profit of HK$21.13 billion ($2.72 billion) for the six months to December 31, 2011. Revenue from property sales was HK$21,430 million, and net rental income amounted to HK$5,275 million. The group has properties around Asia, including Hong Kong\'s Four Seasons Hotel, International Finance Centre and recently developed International Commerce Centre, the city\'s tallest building. \"Maintaining high standards of corporate governance is always an integral part of the group’s business philosophy,\" it said in the earnings report.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong corruption watchdog arrests kwok brothers Arab Today, arab today hong kong corruption watchdog arrests kwok brothers

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong corruption watchdog arrests kwok brothers Arab Today, arab today hong kong corruption watchdog arrests kwok brothers

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday