Former JPMorgan Asia top investment banker found not guilty of bribery by HK court
REUTERS/Mike Segar
February 1, 2021
A Hong Kong judge on Monday found JPMorgan‘s former vice chairman of Asia investment banking, Catherine Leung, not guilty of bribery following her trial held late last year, saying she had followed the bank’s existing procedures.
Hong Kong’s Independent Commission Against Corruption (ICAC), in 2019, charged Leung with bribing the chairman of a logistics company, by employing his son at the bank’s Hong Kong office in 2010.
She did so, the prosecution told the court last year, in anticipation that Ang Keng-lam, the then chairman of Kerry Logistics Network Ltd, would influence his company to give JPMorgan a role on its upcoming initial public offering (IPO).