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.
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more
Do Kwon Faces Possible Trial In Korea After US Conviction
Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more
Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin
Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more
KakaoBank Expands In Indonesia Through Superbank Partnership
KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more