Pro-Beijing lawyer Kennedy Wong faces ICAC bribery charges
Anti-graft agency alleges CPPCC delegate and two others offered payments to company director as they became major shareholders
Prominent pro-Beijing figure and lawyer, Kennedy Wong Ying-ho, has been charged by the ICAC over an alleged bribery racket involving illicit payments linked to a deal to restructure a major company.
The Independent Commission Against Corruption said Wong, 52, and two other men, Chui Chuen-shun, 61, and Richard Yin Yingneng, 62, had been charged under Section 9 of the Prevention of Bribery Ordinance.
The three are accused of making an illegal agreement to pay fees for services rendered to a director of a listed company while it was being restructured.
Wong - a prominent lawyer who has been a delegate to the Chinese People's Political Consultative Conference since 2003 - faces a separate charge of offering HK$15 million worth of share options for HK$1.8 million to the same director in return for that individual's participation in a corporate takeover Wong was involved in.
In a statement released yesterday, the ICAC said all three men had been released on bail and would appear at Eastern Court on Wednesday.
The ICAC alleged that in October 2007, Wong - as an incumbent director - and his co-accused - as former directors of Perfect Ace Investments Limited - offered an advantage to an executive director of Ocean Grand, the company with whom they had entered into a restructuring agreement.
The restructuring was completed in September 2008 and Perfect Ace became the major shareholder of Ocean Grand and Wong its chairman. The Ocean Grand executive director concerned retained his post within that company, the ICAC alleged.
