Pursuits
Sun Hung Kai Co-Heads to Face Graft Charges, RTHK Reports
This article is for subscribers only.
The billionaire co-chairmen of Hong Kong’s biggest property developer will face bribery-related charges, public broadcaster Radio Television Hong Kong reported as Thomas and Raymond Kwok returned to the headquarters of the city’s anti-graft agency three months after being arrested.
The brothers left the Independent Commission Against Corruption today without commenting, while shares of Sun Hung Kai Properties Ltd. were halted from trading. The Kwoks and Hong Kong’s former No. 2 official Rafael Hui will appear in court this afternoon on charges linked to bribery and misconduct in public office, RTHK reported, without saying where it got the information.