Hong Kong property tycoons stand trial in city's biggest graft case


By Yimou LeeGrace Li
  • World
  • Thursday, 08 May 2014

HONG KONG (Reuters) - Thomas and Raymond Kwok, the billionaire co-chairmen of Sun Hung Kai Properties Ltd, Asia's largest developer, went on trial on Thursday in Hong Kong's biggest corruption case since the city's anti-graft agency was formed nearly 40 years ago.

The case involves a series of payments and loans totalling more than HK$35 million ($4.5 million) allegedly paid to Rafael Hui, who had headed Hong Kong's civil service from 2005 to 2007.

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