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HK's Kwok brothers renew bail at anti-corruption body

2012-05-28 30 Dailymotion

NOTE: THIS EDIT CONTAINS CONVERTED 4 BY 3 MATERIAL<br/> <br />As with previous visits to Hong Kong's anti-corruption agency, the arrival of the Kwok brothers set off a scrum.<br/> <br />Local and international media crews mobbed the men as they arrived in separate cars to renew their bail at the Independent Commission Against Corruption (ICAC).<br/> <br />The case is the ICAC's highest profile since it was founded about 37 years ago.<br/> <br />Raymond Kwok was the first to arrive, but local reports say it took 10 minutes before his car could enter the building due to the waiting crowd.<br/> <br />Brother Thomas arrived later, after Raymond had left.<br/> <br />The brothers are co-chairmen of Sun Hung Kai, Asia's largest property developer.<br/> <br />Both are linked to a bribery investigation that centres on payments to this man, Rafael Hui, a former head of Hong Kong's civil service.<br/> <br />Hui was also at the ICAC Monday to renew his bail.<br/> <br />The investigations have also snared estranged brother Walter, and netted Thomas Chan, a board member in charge of land purchases,<br/> <br />No charges have been laid by the ICAC, and shareholders say Sun Hung Kai and the ICAC have not been transparent about the probe.<br/> <br />Thomas and Raymond insist it's business as usual at the family conglomerate, but more than 7 billion US dollars has been wiped off the company's market value since the billionaire Kwok brothers were arrested in late-March<br/> <br />Arnold Gay, Reuters.

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