Hong Kong | A former chairman of a listed company is accused of receiving bribes worth HK$20 million | CUAC

Civil Union - Follow-ups On October 9, the Hong Kong Anti-Corruption Commission (ICAC) announced charges against a former chairman of a listed company, on suspicion of receiving bribes worth HK$20 million from a shareholder in a Chinese real estate development company. According to the details of the case, it is suspected that the amounts were paid in exchange for exploiting his influence to influence the company’s decision to acquire a real estate project in the Chinese city of Dalian, with a value amounting to 440 million yuan. Source: Hong Kong Anti-Corruption Commission (ICAC).