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    Hong Kong Anti-Graft Watchdog Probes $2.5-million Payout in Kwok Case


    by NTDTelevision

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    Billionaire Kwok brothers are under investigation for paying more than $2.5 million US dollars to Hong Kong's former Chief Secretary Rafael Hui.

    The payments were connected with Sun Hung Kai Properties—Asia's biggest property developer. It's owned and managed by brothers Raymond and Thomas Kwok.

    This is part of the Hong Kong's Independent Commission Against Corruption or ICAC's anti-corruption probe involving the two brothers.

    The ICAC arrested Hui and the Kwok brothers on suspicion of corruption in March. They are out on bail and have not been charged.

    The three men are childhood friends from their Macau family connections. They have been ordered to report to ICAC head office in May, when they're expected to extend their bail agreement.

    The brothers have denied any wrongdoing.

    The ICAC also arrested Sun Hung Kai Properties Executive Director Thomas Chan and four others. They were also released on bail.

    This is the agency's biggest investigation since it was set up in 1974.

    The case has sent shock waves across Hong Kong's business community -- a small, close-knit group of families with strong political clout that controls most of the city's financial operations.