White-collar Crimes Dropped From New Fugitive Laws

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

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1449663_1_20190326181013.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1449663-20190326.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1449663-20190326.htm', 'DCS.dcsqry', '' ); } } }); }); });
2019-03-26 HKT 15:38
The government has caved in to demands from business leaders over planned new legislation to allow one-off extradition arrangements, stripping out a number of types of economic offences originally slated to be covered.
When the administration first proposed the legal amendments it said any future extraditions would be restricted to the same 46 categories of offences already set out in the city's Fugitives Offenders Ordinance.
These include serious crimes, such as rape, kidnapping and murder, but also many corporate offences, such as fraud and bribery.
But the government came under heavy pressure from some pro-establishment lawmakers and business groups to exempt the economic offences.
Many expressed alarm over the proposed legal amendments, saying they feared executives could find themselves handed over to the mainland for crimes they may not even have realised they had committed due to wide differences in the laws on either side of the border.
At a press conference on Tuesday afternoon, Security Secretary John Lee said that in response to the concerns he had decided that nine of the 46 types of offences, mostly related to commercial matters, would not be covered under the new legislation.
These include crimes relating to stock trading, tax and duties, intellectual property rights, bankruptcy and access to a computer with dishonest intent.
He said he had held discussions with the Department of Justice regarding which offences should be left out, adding that the exemptions should help put people's minds at ease.
Lee also said that requests for extraditions under the new legislation would only be entertained if the offence in question would merit a prison term of at least three years in Hong Kong.
The pro-establishment Business and Professionals Alliance said the changes have eased the concerns of the business sector.
A lawmaker of the alliance, Jeffrey Lam, also rejected suggestions that the government is biased towards the commercial sector.
"The nine items deleted are a concern to the public. For example, offences over computer use, offences over stock purchasing. All these are not just concerns for factory or business owners," Lam said.
But Democratic Party legislator James To said he does not believe the public's fears have been assuaged, and Hong Kong people and others passing through the territory will be placed in a difficult situation.
"After the surrender over a certain offence to the mainland, they can try [people] for other offences with capital punishment. They can still persecute offenders, without first trying them with political offences," To said.
The controversial bill is to be put before Legco on April 3.
______________________________
Last updated: 2019-03-26 HKT 18:29
2025 Hong Kong Fintech Report: What You Need To Know
Hong Kong is hitting the gas when it comes to fintech innovation, regulation and adoption. From the passage of the Stab... Read more
DigiFT Secures SFC Licenses To Offer Tokenised Asset Services In Hong Kong
DigiFT, a Singapore-based digital asset platform focused on institutional-grade tokenised real-world assets (RWAs), has... Read more
JCB Contactless Cards Now Accepted On Shanghai And Beijing Subways
Japan’s JCB has announced that JCB cardholders can now use their contactless cards to access the subway systems in Sh... Read more
Hong Kong Sets Out Next Phase Of Digital Asset Policy
Hong Kong’s Financial Services and the Treasury Bureau (FSTB) has issued an updated policy statement setting out the ... Read more
Hong Kong Overtakes Singapore In Wealthtech Adoption
Across Asia-Pacific (APAC)’s key wealth management hubs, Hong Kong is emerging as the frontrunner in wealthtech, over... Read more
Chinas AI Capex To Hit 700 Billion Yuan In 2025 Amid US Tech Rivalry
Capital expenditure on AI in China is expected to reach between 600 billion yuan and 700 billion yuan (US$84 billion to... Read more