Ex-ING fund mgr, ex-UBS analyst face bribe charges

Adrian Foo is accused by the government of accepting bribes to hold Kwong Hing stock; his court appearance is today.

Hong Kong's Independent Commission Against Corruption ICAC has brought charges against Adrian Foo Tiang-hock, former portfolio manager at ING Investment Management, and Nicholas Tan Chye-seng, former executive director at UBS Securities, for fraud and bribery. It has also charged Li Man-tak, executive director of publicly listed Kwong Hing International Holdings Bermuda and Louis Lin Chak-pui, former director at SBI E2-Capital China Holdings.

All four defendants have been released on bail and face a court appearance before Hong Kong's Eastern Magistracy this morning Thursday at 9.30am. They face five charges three counts of conspiracy to offer advantages to an agent, one of accepting an advantage as an agent, and one of conspiracy...

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