CommentInsight & Opinion
A BAD WEEK FOR ...

A Bad Week for ... , June 30, 2013

PUBLISHED : Sunday, 30 June, 2013, 12:00am
UPDATED : Sunday, 30 June, 2013, 4:05am
 

Mak Chai-kwong

The 62-year-old former development minister and assistant highways director Tsang King-man, 57, were convicted of defrauding the government of HK$700,000 in housing allowances. The pair entered into an elaborate cross-leasing scam where they actually owned - or had a financial interest in - flats they claimed to be renting. Both were released on bail and will appear for sentencing on August 8.

 

McDonald's

Sky-high commercial rents in Causeway Bay's Russell Street have proved too much to swallow, even for McDonald's. The burger chain has been forced to move out of the first-floor premises in Hong Kong's most exclusive shopping street, with its place being taken by luxury cosmetics chain Sa Sa at a monthly rent of HK$1.58 million.

 

Rafael Nadal

Wimbledon was over before it really began for tennis idol Rafael Nadal. In a monumental upset, the 27-year-old Spaniard, a 12-time Grand Slam champion, suffered his first-ever defeat in the opening round of a major tournament, succumbing to little-known Belgian Steve Darcis in straight sets.

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