Hong Kong Billionaire Joseph Lau To Face Bribery Charges; Chinese Estates Shares Suspended

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) - 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) - Trading in shares of Hong Kong-based developer Chinese Estates was suspended on Wednesday, after the Macau government issued a statement warning it could seize back five plots of land where the company is building a multi-tower project. A former senior official in Macau, Asia's gambling capital, was convicted of six fresh charges of corruption and three more counts of money laundering on May 31, and had his sentence extended by six months to 29 years by the Macau Court of Final Appeal, the court said in its ruling. ...

Speculation about the future of the business empire of Hong Kong billionaire is building after it was disclosed on Wednesday that he will face bribery and money-laundering charges in Macau. The South China Morning Post in its lead front-page story today, "Tycoon May Hand Over the Reins," reports that the court case??may be lengthy??and suggests ...

Developer Chinese Estates said its chairman, Joseph Lau, will face prosecution in Macau over charges of bribery and money laundering linked to a land deal.

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.