Speculation Builds About HK Billionaire's Empire; Chinese Estates Shares Drop 7%(Update)

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 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 ...

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 . ...

Opening arguments in a $328 million lawsuit against Las Vegas Sands casino mogul Sheldon Adelson begin in Las Vegas today, says Bloomberg. At question is how Adelson built his multi-billion dollar empire in Asia, specifically in gambling hot spot, Macau.

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.

Billionaire Hong Kong-based property tycoon Joseph Lau faces charges in Macau of bribery and money laundering over a property deal.

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 ...