Thomas and Raymond Kwok
Hong Kong’s Independent Commission Against Corruption (ICAC) has arrested the chairmen of Sun Hung Kai Properties, Raymond and Thomas Kwok, on suspicion of corruption.
The company said that the Kwoks would continue with their duties as chairmen and managing directors of the company.
The company and the investigators said that two senior executives of a listed company in Hong Kong and a former principal official of the Hong Kong government have been arrested for suspected corruption. The name of the senior government official was not revealed but the local reports said the official was a former chief secretary, the No. 2 job, of Hong Kong.
No one has been charged so far.
Thomas Chan Kui-yuen, executive director of the company, responsible for project planning and land acquisitions, was arrested a few days ago for suspected bribery.
For background of the story please read our previous post – Hong Kong: Sun Hung Kai Properties executive director arrested for bribery