{"id":44382,"date":"2014-12-23T20:42:00","date_gmt":"2014-12-23T20:42:00","guid":{"rendered":"http:\/\/127.0.0.1:10081\/?p=44382 "},"modified":"2014-12-23T20:42:00","modified_gmt":"2014-12-23T20:42:00","slug":"44382-revision-v1","status":"publish","type":"post","link":"https:\/\/minzhuzhongguo.org\/?p=44382","title":{"rendered":"Hong Kong billionaire sentenced to five years jail"},"content":{"rendered":"<div>23 December 2014 Last updated at 00:35 ET<\/div><div>&nbsp;<\/div><div><\/div><div><img decoding=\"async\" src=\"http:\/\/mzzg.org\/UploadCenter\/ArticlePics\/2014\/51\/20141223_79902577_kwok.jpg\" alt=\"20141223_79902577_kwok.jpg (624&#215;351)\" \/><\/div><div><\/div><div>Thomas Kwok, one of the chairmen of development giant Sun Hung Kai Properties<\/div><div>&nbsp;<\/div><div><\/div><div>Hong Kong billionaire Thomas Kwok is sentenced to five years jail in the high profile graft case<\/div><div>&nbsp;<\/div><div><\/div><div>A Hong Kong property tycoon, Thomas Kwok, has been sentenced to five years in jail for corruption.<\/div><div>&nbsp;<\/div><div><\/div><div>The former co-chairman of Sun Kung Kai Properties, was fined HK$500,000 ($64,440, &#163;41,327) in a highly publicised graft case.<\/div><div>&nbsp;<\/div><div><\/div><div>He was found guilty of one count of conspiracy to commit misconduct in public office, while his younger brother Raymond was cleared of charges.<\/div><div>&nbsp;<\/div><div><\/div><div>The firm had said on Friday that Kwok would appeal against the conviction.<\/div><div>&nbsp;<\/div><div><\/div><div>Kwok, 63, resigned as chairman and managing director of the city&#8217;s largest property developer after the verdicts were delivered last week.<\/div><div>&nbsp;<\/div><div><\/div><div>Government ties<\/div><div>&nbsp;<\/div><div>He was convicted of giving bribes totalling $1.1m to former government official Rafael Hui in exchange for information on land sales between 2005 and 2007.<\/div><div>&nbsp;<\/div><div><\/div><div>Hui, 66, is also facing a jail sentence after being found guilty on five of the eight charges against him.<\/div><div>&nbsp;<\/div><div><\/div><div>The seven-month trial shocked the city and saw the valuable developer&#8217;s shares tumble, erasing billions in market value since the brothers were arrested over two years ago.<\/div><div>&nbsp;<\/div><div><\/div><div>The Kwok brothers are estimated to be worth more than $14bn, ranking them among Asia&#8217;s richest people.<\/div><div>&nbsp;<\/div><div><\/div><div><\/div><div><\/div><div><a href=\"http:\/\/www.bbc.com\/news\/business-30584887\">Continue reading the original article<\/a>.<\/div>","protected":false},"excerpt":{"rendered":"<p>&lt;div&gt;He was found guilty of one count of conspiracy to commit misconduct in public office, while his younger brother Raymond was cleared of charges.&lt;\/div&gt;<\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-44382","post","type-post","status-publish","format-standard","hentry","category-ChinaHumanRights","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/posts\/44382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44382"}],"version-history":[{"count":0,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=\/wp\/v2\/posts\/44382\/revisions"}],"wp:attachment":[{"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/minzhuzhongguo.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}