Zervos says the wheels of justice are still spinning
The Director of Public Prosecutions, Kevin Zervos, has written in after reading our recent piece about cases which seem to be taking a long time coming to court.
He writes to say: "I am very concerned by the false impression the article has portrayed of me and the office. These files are not sitting in my in-tray."
The cases we referred to were: the investigation into former chief executive Donald Tsang Yam-kuen's alleged schmoozing with tycoons, which was initiated by the ICAC in February 2012; the investigation into the affair involving 20 unsold flats at Henderson Land's residential property development at 39 Conduit Road, which was started in July 2010; and Citic Pacific's alleged fraud, which goes back to December 2008.
There has been considerable public interest in these cases. For readers who might be curious about progress in these cases, Zervos offers this update.
He writes that the Tsang case is still under investigation by the ICAC and is subject to oversight by that body's operational review committee.
In his letter, Zervos says: "The Citic case has been the subject of extensive legal proceedings, with the involvement of outside senior counsel and in-house counsel and [the] investigation is being advised upon by the case counsel."
As for the 39 Conduit Road case, Zervos says: "The Henderson Land case has been completed and legal advice has been submitted on it."
Readers will no doubt be reassured to know that the wheels of justice continue to grind.
The Charles Li show
The change in style at the London Metal Exchange (LME) continues under its new owners, our own HKEx. We are in the midst of the annual LME Week, which is being held in Hong Kong for the first time.
Last year, HKEx chief executive Charles Li Xiaojia virtually hijacked the annual dinner in London, with an impromptu speech which started in English and switched to Putonghua halfway through, which was rather disconcerting for some of the old-timers.
There was no holding Li back at Tuesday night's dinner, either. Diners were initially puzzled by the figure that leapt on to the stage done up as a footballer, wearing a David Beckham mask, and who bellowed strangely in English and Putonghua.
It turned out it was Li. What was not immediately obvious was that his kit was a combination of the colours of Britain's Premier League and the mainland's Super League. Get the picture?
There were more antics as he and the LME's chief executive, Martin Abbott, apparently thrust up and down the dragon as a dragon dance team cavorted around the stage. Small wonder Abbott is leaving at the end of the year.
Liquidity crisis? What crisis?
If you listened to Jiang Jianqing, chairman of the mainland lender ICBC, speak to Xinhua yesterday about the recent convulsions in the banking industry, you would never think there was a liquidity crunch, despite impressions to the contrary.
"It wasn't a crisis," he said. "There was a combination of factors that all came together at the same time." A number of corporates needed to pay their taxes, listed companies were paying dividends, and people were withdrawing money to celebrate the Dragon Boat Festival. Ah, so that explains all the fuss.
One of our readers was relaxing in the Cathay Pacific business class/first class lounge in Bangkok recently when her attention was drawn to the screen saver video. It's a new video highlighting the airline's recent campaign, focused on the "people" at Cathay. One of the "people" is depicted in the alluring photograph shown on this page, which clearly seems to be a woman. But she is described in the video as Nigel Black, senior training captain. Our reader's interest now aroused, she watched as the rugged features of a pilot came into view. He, too, was described as Nigel Black. So will the real Nigel Black step forward, whoever he or she is?
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