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SCMP Reporter

THE former managing director of the Guangdong (Hongkong) International Company will appear in Eastern Court this morning facing five counts of corruption.

  Liu Zhong-guo, 60, was arrested by Independent Commission Against Corruption (ICAC) officers upon arrival from China at the Lowu border checkpoint yesterday.

  The ICAC alleged Liu accepted $260,000 from a Hongkong company in 1987 in return for approving a $7.2 million loan.

  Liu was released on bail of $300,000.



Former boss faces charges