Hong Kong's legal system under lens after Tan case

Article Abstract:

Malaysian-born corporate swindler George Tan Soon-gin was sentenced by a Hong Kong court to three years in prison after pleading guilty to two counts of fraud. Tan first made news in 1979 when he acquired one company after another through bank borrowings. His activities were soon suspect and a Malaysian auditor assigned to investigate these was found murdered. The Hong Kong court's decision, although appearing too lenient to many, showed that the island colony's legal system is capable of dealing with graft and corruption.

Swindlers and swindling, Swindlers, Swindling, Tan Soon-gin, George

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Heavy losses, clash of cultures led to shutdown of Hong Kong newspaper

Article Abstract:

The Oriental Press Group Ltd. launched the Eastern Express in 1994 in the hopes that it would become Hong Kong's top English-language newspaper. Its format combined tabloid-style sensationalism with hard-hitting news to attract readers. Eastern Express closed down on Jun. 29, 1996, only two years after its founding. Former employees believe that a culture clash between the newspaper's Chinese owner and its largely Western staff as well as heavy financial losses were to blame for the Eastern Express' short life.

Newspapers, Newspaper Publishers, Management, Newspaper publishing, Periodicals, Eastern Express (Newspaper)

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Hong Kong charges five in probe of BCIL deal

Article Abstract:

Hong Kong authorities have charged five people for their involvement in the illegal takeover of Bond Corp. International Ltd. by Tomson Pacific Ltd. Results of a four-year investigation showed that Arthur and Raymond Lai, David Tong, Hsu Jye and Peter Mou violated security regulations and engaged in fraud during the purchase of the Hong Kong property company that was founded by Australian tycoon Alan Bond.

Real Estate, Real Estate and Rental and Leasing, Acquisitions and mergers, Real estate industry, Fraud, Tomson Pacific Ltd., Bond Corporation International Ltd.

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