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Hong Kong won't appeal ex-JPMorgan banker bribery acquittal

Hong Kong won’t appeal ex-JPMorgan banker bribery acquittal
Leung Kar-cheung was acquitted of two counts of bribery on 1 February
By
Thursday March 4, 2021 8:16 am
The Hong Kong government won’t appeal the acquittal of an ex-JPMorgan banker accused of bribery after offering a job to the son of a client.
Ex-banker Catherine Leung Kar-cheung was charged in 2019 with bribing the chair of Kerry Logistics by offering a job to his son, The Wall Street Journal reported.
Leung was acquitted of two counts of. ....

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Former JPMorgan Banker Acquitted in 'Sons and Daughters' Bribery Trial

Provided by
Dow Jones
By Joanne Chiu
A former senior banker at JPMorgan Chase & Co. was acquitted of bribing a potential client by hiring his son, in a defeat for Hong Kong s antigraft agency.
Deputy District Judge Emily Cheung on Monday ruled that Catherine Leung Kar-cheung, a former vice chairwoman of JPMorgan s Asia-Pacific investment banking business, wasn t guilty of two counts of bribery.
Ms. Leung had been charged in May 2019 with bribing a businessman to win a mandate for an initial public offering, in a case brought by the city s Independent Commission Against Corruption.
Her prosecution came after JPMorgan faced U.S. scrutiny for its so-called Sons and Daughters program, in which bankers in Asia offered internships and jobs to relatives of clients and prospective clients to win investment-banking business between 2006 and 2013. In 2016 JPMorgan admitted it had violated the Foreign Corrupt Practices Act an ....

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