Hong Kong tycoon Kwok’s plea for bail rejected


A file picture taken on May 8, 2014 shows Thomas Kwok, one of the chairmen of development giant Sun Hung Kai Properties, arriving at the high court in Hong Kong. - AFP

HONG KONG, March 16, 2015 (AFP) - A Hong Kong court rejected property tycoon Thomas Kwok’s plea for bail Monday as he appeals a five-year prison sentence for bribing a senior official in a corruption case which shocked the city.

The 63-year-old, who was the joint chairman of Hong Kong’s biggest property company Sun Hung Kai, was jailed in December after he was found guilty of conspiracy to commit misconduct in a public office over a series of payments totalling HK$8.5 million (US$1.1 million) given to former city deputy leader Rafael Hui.

The high-profile case shocked the city and deepened anger over cosy ties between officialdom and big business.

Kwok, who is serving his sentence at the city’s maximum security Stanley Prison, has appealed the ruling and asked the court to grant him bail as he awaits the outcome.

But his plea was rejected by appeals court judge Yeung Chun-kuen. The court bars publication of any detail on the reasoning for the ruling.

Hui, the city’s former Chief Secretary for Administration, was jailed for seven and a half years on a total of five graft charges, making him the highest-ranking official in the city’s history to be found guilty of taking bribes.

During a seven-month jury trial leading to the conviction, the prosecution said Hui was made the “eyes and ears” in government for Sun Hung Kai, while he enjoyed an extravagant standard of living.

Hong Kong is seen as relatively corruption-free -- it was ranked the joint 15th cleanest country or territory in 2013 by watchdog Transparency International.

But the case fuelled anger at what locals call “collusion” between government and businesses, with many young Hong Kongers struggling with a lack of opportunity amid soaring property prices and stagnant wages.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Regional

Mt Ruang: Last eruptions before Wednesday occurred in 2002, 1949
Thailand drops joint patrols with Chinese police after public backlash
Cops on the hunt for cable thieves in Ayer Hitam
Najib wanted to answer questions on money laundering in court, says investigating officer
Hearing for Siti Bainun's appeal against conviction postponed to Jan 30 next year
Biker ambushed by a tiger near Gua Musang, lives to tell his tale
Historic day for human rights in Malaysia, says Azalina
Many workers in boycott-hit companies are locals, says Rayer
Two nabbed for launching fireworks at police in Lembah Subang
Federal Court commutes death, natural life jail sentences of 11 convicted for drug trafficking

Others Also Read