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A Bad Week for … , November 4, 2012

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Franklin Lam Fan-keung

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The property market analyst-turned-Executive Council member found himself in hot water after selling two of his 27 luxury apartments weeks before the government announced a buyer's stamp duty, intended to cool the sizzling housing market. Lam vigorously denied any wrongdoing, but that has not stopped some critics from calling for a full investigation and his resignation.

 

The chairman of VST Holdings, a mainland-based distributor of information technology products, became the first chairman of a Hong Kong-listed company to be jailed for manipulating the company's share price when the District Court sentenced him to six months' imprisonment and fined him HK$240,000.

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