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Friday, October 12, 2012

Graft trial adjourned for Hong Kong's billionaire Kwok brothers

Graft trial adjourned for Hong Kong's billionaire Kwok brothers

Oct 12, 2012 , 07:35 AM , from yahoo
graft trial adjourned for hong kong's billionaire kwok brothers
HONG KONG (Reuters) - The billionaire Kwok brothers' corruption trial was adjourned on Friday until January to allow the prosecution more time to gather evidence in Hong Kong's highest-profile graft case in decades. The Independent Commission Against Corruption (ICAC) arrested the tycoons in March in one of the agency's biggest investigations since it was set up in 1974 to root out widespread corruption in the then British colonial government and police. Thomas and Raymond Kwok run Sun Hung Kai Properties , the world's second-largest property developer by stock-market value. ...

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