A Bad Week for ... , April 19, 2015
Barry Cheung Chun-yuen, former Executive Council member and chairman of the defunct Hong Kong Mercantile Exchange, was declared bankrupt by a court with debts of at least HK$116 million.
The former Executive Council member and chairman of the defunct Hong Kong Mercantile Exchange was declared bankrupt by a court with debts of at least HK$116 million. The 57-year-old was once a top aide to Chief Executive Leung Chun-ying and was involved in a vast range of public services. But his ill-fated HKMEx was ordered to be wound up last April.
The vice-chairman of Japan's Olympic Committee faces allegations that he has close ties with the Yamaguchi-gumi, Japan's largest yakuza group. Questions were raised in parliament after a photo emerged of him sharing drinks with Shinobu Tsukasa, the head of the gang. Two reporters reportedly had their kneecaps smashed last year when they started investigating the photo.