Bribery trial opens for ICBC (Asia) managers
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China.org.cn, July 5, 2011
Two senior employees of ICBC (Asia) stood on trial Monday for charges of accepting bribery in ralation to a loan application in the Hong Kong District Court, said a report of a Hong Kong-based newspaper.
The two people who got involved in the case were Derick Chan Po-fui, head of the corporate banking department and Chan Yick-yiu, former head of the corporate financing department.
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Zeng Wei, major shareholder-cum-director of United Win Holdings Ltd. |
Derick Chan was charged with taking money from Zeng Wei for assisting hime in extending repayment period of loans owed by Zeng or his companies to the bank.
Chan Yick-yiu faced bribery charges that claimed he accepted bribery from Zeng for assisting him or his companies in preparing credit proposals for loan applications to ICBC (Asia).
Derick Chan Po-fui admitted partial accusations and awaited verdict, while Chan Yick-yiu denied all the charges against him.
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