Former Hong Kong Stock Exchange Chief Executive...
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Former Hong Kong Stock Exchange Chief Executive Jeffrey Sun was charged with three counts of accepting bribes. Sun, who was granted bail equivalent to $165,000 and remanded until Aug. 11, is accused of accepting almost 300,000 shares from two companies in return for approving new share issues. He has not entered a plea. Sun is accused of accepting 182,000 shares of electronics manufacturer QPL Holdings in June to approve a new QPL issue. Sun is also charged with accepting 100,000 shares in Video Technology Holdings in June, 1986, as an inducement for approving a listing.
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