The chairman of Hong KongÆs third largest lender, David Li, has been castigated for indiscretions in the past. An affair he was having with a Hong Kong socialite several years ago was famously discovered by the press when he left his monogrammed shoes outside a Paris hotel room where he was ensconced with the woman.
Now Li is in the spotlight over allegations of insider trading, an affair that has cost him $8.1 million and earned him a harsh rebuke from the US Securities and Exchange Commission SEC.
This is a considerable blow to the reputation of a man who is head of one of Hong KongÆs most high-profile families. Li is a powerful...
¬ Haymarket Media Limited. All rights reserved.