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Launder case jury unable to agree on verdicts

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The jury in the trial of former banking chief Ewan Launder, accused of accepting $43.95 million in bribes, spent last night in accommodation at the High Court, unable to agree on verdicts.

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The eight jurors will continue their consideration of the evidence in the case this morning.

After 10 hours of discussions behind closed doors yesterday, they were directed by Mr Justice Gareth Lugar-Mawson to retire for the night.

The jury had earlier asked court staff to tell their families they would not be coming home.

Launder, 64, former chief executive of Wardley Ltd, the merchant banking arm of HSBC, denies 13 charges of accepting bribes between 1980 and 1983.

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He is accused of pocketing the money from ex-Carrian Group boss George Tan Soon-gin and Eda Group chiefs Chung Ching-man and Pak Choi-wah.

The prosecution allege the bribes were 'general sweeteners' perhaps to ensure smooth financial transactions for the two groups, which borrowed heavily from Wardley before going into liquidation.

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