Saturday, 15 March 2014

Billionaire Joesph Lau Found Guilty In Bribery Case In Gambling Mecca; Unlikely To See Jail

Joesph Lau, the billionaire chairman of real estate developer Chinese Estates Holdings of Hong Kong, was found guilty by a Macau court on Friday of corruption and money laundering in connection with the payment of a HK$20 million, or $2.6 million, to former Macau public works chief Ao Man-long in a money-for-land deal, the South China Morning Post reported yesterday.

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