Walter Kwok Arrested Amid Probe

HONG KONG (Reuters) - Walter Kwok, t

HONG KONG (Reuters) - Thomas Kwok, one of the billionaire co-chairmen that run Sun Hung Kai Properties , returned to Hong Kong's anti-corruption agency on Friday as a bribery investigation surrounding Asia's largest developer continues. Kwok was accompanied by his legal team, Reuters reporters outside the headquarters of the Independent Commission Against Corruption (ICAC) said. Thomas Kwok, Raymond Kwok, the company's other chairman, and Rafael Hui, the former head of the city-state's civil service, were due to make bail appearances almost four months after the first arrest in the case. ...

HONG KONG (Reuters) - Walter Kwok, the ousted head of Asia's biggest developer, Sun Hung Kai Properties , has been arrested as Hong Kong's anti-graft agency widens a high-profile bribery investigation that has already netted Kwok's two younger billionaire brothers and the former No.2 in the city's government.

A corruption probe into the activities of one of Asia's richest families widened Friday after Hong Kong authorities arrested the eldest sibling of the Kwok brothers at the centre of the scandal.The Kwok family's company, Sun Hung Kai Properties, was briefly suspended from trade on the Hong Kong stock exchange ahead of its announcement that anti-graft agents had arrested Walter Kwok over bribery allegations.