A Bad Week for … , November 4, 2012
The property market analyst-turned-Executive Council member found himself in hot water after selling two of his 27 luxury apartments weeks before the government announced a buyer's stamp duty, intended to cool the sizzling housing market. Lam vigorously denied any wrongdoing, but that has not stopped some critics from calling for a full investigation and his resignation.
The chairman of VST Holdings, a mainland-based distributor of information technology products, became the first chairman of a Hong Kong-listed company to be jailed for manipulating the company's share price when the District Court sentenced him to six months' imprisonment and fined him HK$240,000.
The one-time British pop star was arrested as part of an investigation into allegations of child sex abuse by the late BBC presenter Jimmy Savile. One of the victims of the abuse, which Savile is said to have perpetrated for decades, said she had seen Glitter having sex with an under-age girl.
