Hong Kong tycoons named in Macau corruption trial

Two Hong Kong tycoons have been named in a Macau corruption trial involving a jailed former government official, dealing a further blow to the region's reputation after a series of scandals that have rocked ...

Macau?s biggest corruption scandal has brought even more unflattering attention to Hong Kong?s business community. The Standard newspaper reported Tuesday that Joseph Lau, the fifth richest person in Hong Kong, and Steven Lo, chairman of BMA Investment and South China Football Club, were named in the third trial of convicted former official Ao Man-long. Shares ...

Hong Kong billionaire Joseph Lau, the head of Chinese Estates Holdings, was found guilty of corruption in a land deal in Asia's gambling capital of Macau on Friday and sentenced to five years in jail, a court official in Macau said. A second high-profile tycoon, Steven Lo, chairman of the South China Football Club and movie-and-music entertainment group BMA Investment, was found guilty of the same bribery and money laundering charges, and handed the same sentence. Lau, chairman and...

A Hong Kong tycoon is facing prosecution for alleged bribery and money laundering in connection with a government land sale on the Cotai casino strip in Macau, his company said.In the latest corruption scandal to hit Hong Kong's business elite, Chinese Estates Holdings said its chief executive Joseph Lau denied attempting to bribe a jailed former senior official over the land tender.Lau, 61, is ranked fifth on Forbes magazine's list of richest people in Hong Kong, Asia's banking and financial centre, with a fortune estimated at $6.5 billion.

Siu Chiu/ReutersIn a full-page announcement printed in several newspapers on Tuesday, fugitive tycoon Joseph Lau Luen-hung said he had broken up with former girlfriend Yvonne Lui Lai-kwan in 2014. The 65-year-old controlling shareholder of stock market-listed developer Chinese Estates Holdings said he had issued the five-point statement in response to “untrue reports in the media”.

BEIJING (Reuters) - Real estate remained the most lucrative road to riches in China last year, according to the Hurun Global Rich List, despite Beijing's repeated efforts to cool red-hot property prices.

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) - 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.