China seizes US$14.5b assets from family, associates of ex-security chief Zhou Yongkang

Under scrutiny - former domestic security chief Zhou Yongkang. Photo: AFP

Chinese authorities have seized assets worth at least 90 billion yuan (HK$112.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the centre of China's biggest corruption scandal in more than six decades, two sources sa

Sunday, 30 March, 2014, 3:09pm 7 comments

Doubts raised over the rapid academic rise of the 'Mayor of Tea'

Shen Peiping photographed at a meeting in Yunnan. Photo: AFP

Doubts have been cast over the rapid academic rise of a former top government official from Yunnan who is under investigation for corruption, according to a mainland media report.

13 Mar 2014 - 1:34pm

Corruption the watchword as annual national summits near

A bottle of mao-tai cost about 5,000 yuan at five-star hotels and many hotels would be out of stock of the fiery white spirit during those two important weeks in March.

Every year in March, the country's most important officials and businessmen will converge in Beijing for the two annual top-level political summits known as "Liang Hui".

17 Feb 2014 - 8:09am

UK fraud prosecutor seeks extra funds for Libor, other cases

David Green, director of the UK Serious Fraud Office. photo: Jonathan Wong

Britain’s leading fraud prosecutor needs an extra 19 million pounds (HK$244 million) by the end of March to help to pay for complex investigations, including a high-profile benchmark fixing inquiry, and a huge damages suit.

31 Jan 2014 - 1:24pm

Xinhua, Commerce Ministry targeted in new graft probe

Central Commission for Discipline Inspection Secretary Wang Qishan. Photo: Reuters

The central government has sent investigators to six more provinces and four government departments, including Xinhua news agency and the Commerce Ministry, the ruling Communist Party’s corruption watchdog said on Monday, in the latest move to tackle graft.

5 Nov 2013 - 10:03am

Ex-ChinaCast executives charged with fraud, insider trading in US

US regulators the SEC have charged former ChinaCast Education Corp executives with corruption. Photo: Reuters

US securities regulators on Thursday charged the former chief executive of China-based ChinaCast Education Corporation with stealing tens of millions of dollars from investors in a US public offering.

Ex-CEO Chan Tze Ngon transferred US$41 million to a subsidiary that then transferred funds outside of the company, the US Securities and Exchange Commission (SEC) said.

27 Sep 2013 - 2:15pm

Myanmar to renegotiate huge resource deals: think tank

Demonstrators protest against land grabs on June 2. The Myanmar government clamp down on corruption as part of radical reforms intended to lift people out of poverty. Photo: AFP

The Myanmar government plans to renegotiate billions of dollars of natural resource deals as it imposes tougher environmental standards and clamps down on corruption, a leading US think tank said.

25 Jun 2013 - 12:09pm

Pope confirmed Vatican 'gay lobby' in remarks to Latin American group

Pope Francis was said to be remarkably forthcoming in his comments to the church group. Photo: Reuters

Pope Francis lamented that a "gay lobby" was at work at the Vatican in private remarks to the leaders of a key Latin American church group, a stunning acknowledgment that appears to confirm reports of corruption and dysfunction in the Holy See.

12 Jun 2013 - 8:56pm

Former railways minister seeks leniency on corruption charges

Liu Zhijun attends a trial on Sunday for charges of corruption and abuse of power at a courthouse in Beijing. Photo: Reuters

The man once responsible for overseeing the mainland's notorious railways ministry went on trial in Beijing yesterday seeking a lenient verdict on charges of corruption and abuse of power.

10 Jun 2013 - 2:20am 2 comments

Fire officials put the nation at risk as they rake in bribes

Firefighters are admired but the service is corrupt. Photo: Xinhua

A veteran fire-safety engineer with more than two decades' experience in Wuhan, Hubei, estimates that up to half of the fire-prevention budget for a typical business goes to bribing fire officials at various levels, whose fire safety approval is needed before their doors can be opened to customers.

9 Jun 2013 - 6:34am

China ex-railway boss goes on trial for corruption

A former Chinese railways minister goes on trial for corruption on Sunday in one of the country’s biggest graft cases in years, charged with taking massive bribes and steering the awarding of highly lucrative projects.

8 Jun 2013 - 4:54pm

Lawmakers blast ICAC's 'creative accounting'

Timothy Tong, former head of the Independent Commission Against Corruption, attends a hearing at Legco yesterday. Photo: Edward Wong

Lawmakers have expressed concerns over what they called arbitrary and creative accounting by the Independent Commission Against Corruption as they examine expenses for meals and duty visits incurred by its former chief, Timothy Tong Hin-ming.

2 Jun 2013 - 6:03am 2 comments

Former ICAC chief Timothy Tong brought friends to official meals

Timothy Tong Hin-ming. Photo: Edward Wong

Under questioning by lawmakers at his third and final appearance before the Legislative Council's public accounts committee, Timothy Tong also admitted that he had received a gift of a traditional Chinese screen worth as much as HK$200,000 from mainland judicial officials in 2007. It was still in ICAC headquarters when he stepped down last year.

2 Jun 2013 - 6:03am 9 comments

Putin cronies milked Sochi Winter Games for US$30b, opposition claims

Boris Nemtsov presents the report claiming multibillion-dollar corruption on the Sochi Games. Photo: AP

Russian businessmen and officials close to President Vladimir Putin have stolen up to US$30 billion of funds intended for preparations for the Winter Olympics in Sochi next year, according to a report released by opposition leaders.

1 Jun 2013 - 5:46am

Liaison Office chief must investigate relationship with former ICAC boss

Zhang Xiaoming, director of the Liaison Office of the Chinese Central People's Government in Hong Kong. Photo: Xinhua

When the current head of the central government's liaison office, Zhang Xiaoming, arrived in December, he was welcomed for his fresh approach, which included a willingness to sound off in public on all manner of things. One reason for his willingness to do so, perhaps, is that 49-year-old Zhang is an expert on Hong Kong, having worked in the State Council's Hong Kong and Macau Affairs Office for most of his adult life.

22 May 2013 - 2:53am 3 comments