Patrick Ho Returns To Hong Kong After US Jail Term
"); jQuery("#212 h3").html("
"); });
2020-06-10 HKT 11:37
Share this story
Former home affairs secretary, Patrick Ho, has arrived in Hong Kong after completing his prison term in the United States for corruption.
It’s said that he was tested for Covid-19 at the AsiaWorld-Expo upon arrival, and left hours later.
The former SAR minister was arrested in the US in 2017, and found guilty in December 2018 on seven out of eight counts of bribery and money laundering in a United Nations-linked case, concerning oil rights for CEFC China Energy in Chad and Uganda.
He had been part of a think-tank in the US, financed by the private mainland energy giant to promote Beijing's Belt and Road trade initiative.
The court heard that Ho used his position running CEFC's think tank to line the pockets of government officials as the oil and gas giant sought to expand its business around the world.
Ho remained defiant in the face of the charges and after being found guilty, described himself as “the first of the sacrificial lambs of such hostility" against China.
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more