Patrick Ho Asks For Bail Again With US$4m Offer

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

"); });
2018-04-18 HKT 10:40
Former Hong Kong Home Affairs Secretary Patrick Ho, who is detained in New York over an international bribery case, has applied for bail for a third time.
In papers submitted to the court on Tuesday, Ho increased the bail amount by offering two flats from his family in Hong Kong worth US$4 million.
His lawyer also asked the authorities to drop six of eight charges against him.
Ho had earlier been refused bail because a New York judge said he is a flight risk.
Ho is charged in Manhattan federal court with violations of the Foreign Corrupt Practices Act, international money laundering and conspiracy. He denied the charges in January.
The allegations include offering bribes to senior officials from Chad and Uganda, allegedly for a Shanghai-based energy firm Ho represented.
The trial is temporarily set for November this year.
HKMA Pushes Project Ensemble, Banks To Adopt Tokenised Deposits
The Hong Kong Monetary Authority (HKMA) will advance Project Ensemble and encourage commercial banks in the city to int... Read more
Singapore And Hong Kong Regulators Deepen Cooperation On Bank Oversight
The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) have signed a Memorandum of Under... Read more
XTransfer, SPD Bank Shanghai Partner To Boost Cross-Border Trade For SMEs
XTransfer has entered into a strategic partnership with SPD Bank’s Shanghai Branch, announced at the “XTransfer Tra... Read more
PayPay To Be Accepted At Over 2 Million Merchants In South Korea Via Alipay+
From late September 2025, Japan’s largest cashless payment service, PayPay, will be accepted at more than two million... Read more
Lenovo Hong Kong And Cyberport Partner To Support Startups
Lenovo Hong Kong has announced the signing of a MoU with Cyberport, aimed at supporting Hong Kong’s innovation and te... Read more
PAObank Partners With CPAIHK To Integrate Banking And Insurance Services
PAObank, in which Ping An Insurance holds a stake, is marking its fifth anniversary with a new strategic partnership wi... Read more