Patrick Ho Asks For Bail Again With US$4m Offer
"); jQuery("#212 h3").html("
"); });
2018-04-18 HKT 10:40
Share this story
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.
Plantos Agentic AI CFO Takes Aim At The SME Lending Gap
Planto, a leading financial technology company specialising in AI-driven banking solutions, officially unveiled its whi... Read more
Hong Kong And Indonesia Explore QR Payment Interoperability
Hong Kong and Indonesia are exploring QR payment interoperability between the two markets. The Hong Kong Monetary Autho... Read more
Who Raises The Alarm, If Synthetic Identity Fraud Has No Victim?
Synthetic identity fraud is one of the fastest-growing fraud types globally, where fraudsters fabricate a person who ne... Read more
SFC Hong Kong Strategic Action Plan Backs Citys Five-Year Plan
Hong Kong’s Securities and Futures Commission (SFC) has unveiled a strategic action plan. It supports the city’s Fi... Read more
Tencent Launches TenPayGo Payment App For Travellers In China
Tencent has launched TenPayGo, a payment app for overseas visitors to mainland China. ITHome (IT之家) reported that i... Read more
Deutsche Bank Deploys Agentic AI To Help Trace Client Wealth For KYC
Deutsche Bank Private Bank has launched an agentic AI tool to support Source of Wealth checks, part of its Know Your Cu... Read more