Legal Threats Won't End The 'wolf-hunt': Lawmakers

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

Related News Programmes

"); });

2018-05-07 HKT 19:10

Share this story

facebook

  • Legal threats won't end the 'wolf-hunt': lawmakers

  • Former Chief Executive CY Leung has repeatedly denied any wrongdoing over his HK$50 million from Australian company UGL. File photo: RTHK

    Former Chief Executive CY Leung has repeatedly denied any wrongdoing over his HK$50 million from Australian company UGL. File photo: RTHK

Two Democratic Party lawmakers said on Monday that legal threats from former Chief Executive CY Leung won't deter them from going ahead with their so-called "wolf hunt" over the UGL payments controversy.

Lam Cheuk-ting and Andrew Wan have helped raise more than HK$2 million in a crowd-funding campaign to pursue investigations in Hong Kong, the UK and Australia, over Leung's acceptance of HK$50 million from the Australian engineering firm.

Leung received the money around the time he became Chief Executive in 2012. Concerns have been raised about whether the payments posed a conflict of interest, whether he should have paid tax on the money, and if the necessary declarations were made.

The former CE has repeatedly denied any wrongdoing and has threatened to sue the two legislators for defamation. But Lam says this will not get in the way of their probe into the payments.

"We will not withdraw our accusations against CY Leung because all our accusations are based on the facts and are fair comment. I urge CY Leung to produce all the relevant documents to the general public for examination," Lam said.

"Our 'wolf-hunting' campaign is still ongoing. We are closely liaising with the legal professionals in the UK and Australia. We hope that we can [persuade] our partners overseas to pursue the case as soon as possible."

The deal Leung struck with UGL was related to the company's takeover of a real estate services firm he was a director of, DTZ, which was listed in the UK.

RECENT NEWS

Revolut Considers China Expansion Amid UK Regulatory Hurdles

UK fintech giant Revolut is exploring a potential move into China, setting the stage for competition with domestic heav... Read more

ZA Global Backs RD Technologies With US$40M To Boost HKs Stablecoin Ecosystem

ZA Global has led a US$40 million Series A2 funding round for HK fintech firm, RD Technologies (RD), marking a signific... Read more

WeLab Hit Profitability And Now Wants 500 Million Customers Across Asia

From its humble beginnings as an online lender to its rise as one of Asia’s most ambitious fintechs, WeLab Group (WeL... Read more

HKMA Finalises Guidelines For Stablecoin Issuer Regulatory Regime

The Hong Kong Monetary Authority (HKMA) has published several documents in preparation for the implementation of the re... Read more

Cybercrime Is Surging Across APAC Yet Defences Remain Fragmented

APAC saw a sharp rise in human-led attacks in 2024, with attack rates growing over 60% year-on-year and increasing 37% ... Read more

Hong Kong Advances Trade Digitalisation With MLETR Adoption

Digitalisation is reshaping the global economy, and businesses must adapt to capitalise on emerging opportunities. In t... Read more