Former HKEx Duo Charged Over Bribery Linked To IPOs

"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1516668_1_20200325153836.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1516668-20200325.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1516668-20200325.htm', 'DCS.dcsqry', '' ); } } }); }); });

2020-03-25 HKT 11:25

Share this story

• 

  The anti-corruption watchdog says an executive and a consultant were involved graft worth more than HK$9 million. File photo: RTHK

A former senior executive at the local bourse and a consultant have appeared in court, accused of bribery involving HK$9 million in relation to several IPO applications.

The ICAC has also charged Eugene Yeoh, who was a joint head of Exchanges and Clearing’s listing department team that vets IPOs, with misconduct in public office.

The anti-graft body accuses Yeoh of failing to disclose money his wife received from a former consultant at the HKEx, Richard Lum, between 2017 and last year.

Yeoh is also alleged to have failed to declare a conflict of interest over the vetting of IPO applications involving Lum.

The two men appeared in West Kowloon Court on Wednesday. They were not required to enter pleas and the case was adjourned until early June.

The pair were released on bail of HK$100,000 each, and were ordered not to leave Hong Kong.

______________________________

Last updated: 2020-03-25 HKT 15:51