Hk Court: Property Tycoon Guilty Of Corruption

By CHRISTY CHOI, Associated Press, Seattle Post-Intelligencer: Business
Fri, 12/19/2014 - 6:00am

HONG KONG (AP) — A Hong Kong jury found a billionaire property developer and a former top government official guilty of corruption Friday after a high profile trial that amplified anger at the city's elite. Prosecutors alleged that the prominent developers gave bribes in exchange for lucrative information on pending land sales. [...] widening inequality, much of it linked to skyrocketing housing costs in the densely populated city, means that has given way in recent years to public anger at the billionaire class.

Topics: hong kong ap a hong kong prosecutors property guilty of corruption billionaire anger city

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Hk Court: Property Tycoon Guilty Of Corruption

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