Hong Kong Tycoon Brothers in Graft Probe Claim Innocence

By webadmin on 05:14 pm Apr 03, 2012
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Hong Kong property tycoon brothers Thomas and Raymond Kwok on Tuesday professed their innocence after they were arrested as part of the Asian financial hub’s biggest corruption probe.

“I have not done anything wrong and I believe Thomas has not done anything wrong either. I hope the investigation will prove my innocence,” Raymond told reporters in their first media comment since the arrest.

The Kwoks, two of Hong Kong’s richest men and co-chairmen of Sun Hung Kai Properties, the city’s biggest property developer by market capitalization, were detained by the Independent Commission Against Corruption last Thursday.

At the same news conference Thomas assured investors that the company would continue business as usual and hit out at some media reports on the case, which he described as mere “speculation”.

“Let me assure you — no worries, all is normal at Sun Hung Kai,” the elder brother said.

The pair were arrested alongside a former top government official, identified by local media as the city government’s former chief secretary Rafael Hui. All three were released on bail after questioning.

The ICAC has not release details on the bribery allegations.

Agence France-Presse