Complinet logo
Contact us

Court raises sentence for former Hong Kong securities dealer after ICAC appeal

May 14 2013 Trond Vagen, Regulatory Intelligence

A former investment representative at a Hong Kong securities firm has had his sentence for accepting bribes increased following an appeal by the territory's Department of Justice. The Court of Appeal last week sentenced Andy Pau Chin-hung to three years' imprisonment for accepting bribes, overruling a decision by the lower District Court that had sentenced him to 220 hours of community service for the offence. He was also made to pay more than HK$1.1 million ($142,000) to KGI Hong Kong, his former employer. The charges against Pau were made by the Independent Commission Against Corruption (ICAC), the territory's anti-graft unit. The ICAC said that Pau had accepted HK$1.1 million worth of bribes from a client whom he had helped to sell shares through the accounts of others, thereby breaching s9(1)(a) of the Prevention of Bribery Ordinance. In his judgment, Justice Peter Cheung Chak-yau of the Court of Appeal said that meting out a non-custodial sentence to Pau for bribery offences was

Already have an account?

Log in

Want to read this article?

Click here for a free 14 day trial