Chinese Estates head to be prosecuted in Macau over bribery

HONG KONG (Reuters) - Hong Kong tycoon Joseph Lau, who heads developer Chinese Estates Holdings , will face prosecution over bribery and money laundering in a land deal in Asia's gambling capital, Macau, Chinese Estates said in a statement on Thursday. A court in Macau on Wednesday formally accepted an accusation by the public prosecutor that Lau had a case to answer on the charges, the company said. The court denied a request by Lau that the case be thrown out for lack of evidence. No date was set for the trial. ...

HONG KONG (Reuters) - Joseph Lau, the flamboyant tycoon who heads developer Chinese Estates Holdings , will face prosecution over bribery and money laundering in a land deal in Asia's gambling capital, Macau, the second high-profile corruption case involving a Hong Kong property company in two months. Hong Kong's clubby business community is already captivated by the arrests in late March of the billionaire Kwok brothers who run Asia's largest developer, Sun Hung Kai Properties . ...

HONG KONG (Reuters) - Hong Kong tycoon Joseph Lau, who heads developer Chinese Estates Holdings , will face prosecution over bribery and money laundering in a land deal in Asia's gambling capital, Macau, Chinese Estates said in a statement on Thursday.

HONG KONG (Reuters) - Hong Kong tycoon Joseph Lau, who heads developer Chinese Estates Holdings , will face prosecution over bribery and money laundering in a land deal in Asia's gambling capital, Macau, Chinese Estates said in a statement on Thursday.

HONG KONG (Reuters) - Joseph Lau, the flamboyant tycoon who heads developer Chinese Estates Holdings , will face prosecution over bribery and money laundering in a land deal in Asia's gambling capital, Macau, the second high-profile corruption case involving a Hong Kong property company in two months.

Hong Kong tycoon Joseph Lau, who heads developer Chinese Estates Holdings , will face prosecution over bribery and money laundering in a land deal in Asia's gambling capital, Macau, Chinese Estates said ...

Joseph Lau, the flamboyant tycoon who heads developer Chinese Estates Holdings , will face prosecution over bribery and money laundering in a land deal in Asia's gambling capital, Macau, the second high-profile ...

Hong Kong billionaire Joseph Lau will face bribery and money laundering charges in Macau after his lawyers failed at a hearing to have them dropped, according to a statement at the Hong Kong Stock Exchange last night. (See statement here.) Lau, who chairs Hong Kong-listed real estate developer Chinese Estates, ??ranked No. 5 on the ...