Funding Drive Against CY Tops HK$2mn In Seven Days

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

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1391367_1_20180416181426.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', 'http://news.rthk.hk/rthk/en/component/k2/1391367-20180416.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1391367-20180416.htm', 'DCS.dcsqry', '' ); } } }); }); });

2018-04-16 HKT 10:57

Share this story

facebook

  • The fundraising campaign's website shows donations topped HK$2,000,000 much before the target date. Photo: RTHK

    The fundraising campaign's website shows donations topped HK$2,000,000 much before the target date. Photo: RTHK

A crowdfunding campaign to launch an investigation on alleged non-disclosure by former Chief Executive CY Leung has reached its target of raising HK$2 million in just seven days.

The Democratic Party's campaign, named "wolf-hunting", had initially expected to reach the target in three months' time.

The fund drive is to look into allegations relating to a HK$50 million payment Leung received from Australian firm UGL in a deal struck before he took over as Chief Executive in 2012.

Among other things, Leung is accused of not disclosing the deal to the Executive Council, even though he has denied any wrongdoing in the matter.

Since the launch of the fundraising exercise, Leung's lawyers have issued letters to members of the Democratic Party managing the campaign – lawmakers Lam Cheuk-ting, Andrew Wan, Roy Kwong and barrister Senia Ng – threatening to take legal action against them. But the opposition party leaders have vowed to continue their probe.

The ICAC is still investigating the case, but there has been no official word about its current status. However, officials have rejected media reports that surfaced earlier saying that the Department of Justice had decided to drop the case.

RECENT NEWS

HKMA Announces Participants For Stablecoin Issuer Sandbox

The Hong Kong Monetary Authority (HKMA) is formulating a regulatory regime for stablecoin issuers in Hong Kong, recogni... Read more

Hong Kong To Implement Comprehensive Stablecoin Regulation

The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have released the con... Read more

Hong Kong SFC Identifies Seven Unauthorised Crypto Exchanges

The Hong Kong Securities and Futures Commission (SFC) has added seven crypto exchanges to its Alert List for conducting... Read more

HashKey Global Announces UXLINK Launch On HashKey Launchpool

HashKey Global, a globally licensed digital asset exchange, will launch UXLINK (UXLINK) on its HashKey Launchpool on 15... Read more

Everything You Need To Know About Visas E-HKD Pilot With HKMA

Last year, Visa collaborated with HSBC and Hang Seng Bank to pilot tokenisation projects as part of the Hong Kong Monet... Read more

HKMC Appoints Colin Pou Hak Wan As New Chief Executive Officer

The Hong Kong Mortgage Corporation Limited (HKMC) has announced the appointment of Colin Pou Hak Wan as Chief Executive... Read more