Subscribe free to our newsletters via your
. Energy News .

Head of China Resources denies corruption allegations
by Staff Writers
Beijing (AFP) Aug 08, 2013

Former H.K. minister given suspended jail term for fraud
Hong Kong (AFP) Aug 08, 2013 - A former Hong Kong minister was Thursday given a eight-month suspended prison sentence for fraud over his housing allowance, in a case which puts the city's clean image under scrutiny.

Former development secretary Mak Chai-kwong, 63, had been found guilty in June of defrauding the government out of HK$700,000 ($90,243) by "cross-leasing" flats with a colleague, Tsang King-man, when he was a civil servant in the 1980s.

The pair leased apartments from each other's wives in order to claim the government rental allowance. Tsang was given the same sentence.

Mak's arrest in July last year, less than two weeks after he was sworn in, rocked the former British colony known for its respect for the rule of law and relatively clean government.

He was the highest-ranking former government official to be convicted of a criminal offence since the 1997 handover to China.

His case is a blow to the image of Chief Executive Leung Chun-ying, who appointed Mak as development chief in his inaugural administration.

Leung's government is already under fire for its perceived closeness to Beijing, despite Hong Kong's semi-autonomous status, and what critics sees as its failure to solve livelihood issues.

According to a Chinese University of Hong Kong survey in July, only about 16 percent of respondents were satisfied with the performance of Leung's administration, and 37 per cent said they do not trust the government.

Since Mak's arrest, two more of Leung's cabinet members have resigned and lawmakers have called for Mak's successor Paul Chan to quit over his family's interest in farmland designated for redevelopment.

The sentences on Mak and Tsang, a former assistant highways director, were suspended for two years.

Judge Johnny Chan said that in deliberating sentence he took into account Mak's long service in the government and good reputation.

A recent Hong Kong University opinion poll showed that perceptions of a clean government have plunged to their lowest levels since 1998.

The head of giant state-owned conglomerate China Resources has denied allegations of malpractice in a takeover deal after claims he has links with several former top Chinese leaders.

Hong Kong's anti-corruption authorities were reportedly given documents this week accusing Song Lin, chairman of China Resources, of corruption in a deal involving a subsidiary listed in the former British colony.

Former journalist Li Jianjun said previous investigations into Song went nowhere because he had the backing of Zhang Beili, the wife of former premier Wen Jiabao, and He Guoqiang, ex-chief of the ruling Communist Party's disciplinary department, Hong Kong's Apple Daily reported Tuesday.

Song dismissed the allegations as "ridiculous" and threatened legal action over the "smearing".

"The relevant accusations are completely false," he said in a statement posted on China Resources' website Wednesday.

"Some Hong Kong media even linked the matter with state leaders. Their descriptions are ridiculous," he said.

"I reserve the right to take legal actions against the speech and activities that amount to smearing and deliberately fabricating stories," he said, adding the acquisition complied with Chinese and Hong Kong laws.

Six shareholders of CR Power, the China Resources subsidiary involved, are mounting legal action in Hong Kong against more than 20 of its current and former directors, including Song, over the acquisition.

CR Power and an affiliate agreed to buy several mining and factory assets in 2010 from a private firm in Shanxi province for at least 7.9 billion yuan ($1.3 billion), according to Wang Wenzhi, a journalist with the state-run Xinhua news agency.

The final cost of the package was around 10.3 billion yuan, with some key price assessment reports provided by an agency hired by the seller, he added, but some of the mines' licences had already expired.

The allegations follow unrelenting anti-corruption rhetoric by China's leaders in recent months, with President Xi Jinping warning graft could "destroy the party" and threatening "no leniency" for those involved.


Related Links
Global Trade News

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

China fines formula firms $108 million for price-fixing
Beijing (AFP) Aug 07, 2013
China said Wednesday it has fined six mostly foreign baby formula producers including New Zealand's scandal-hit Fonterra a total of $108 million for price-fixing, as it seeks to cool public anger over the sector. The penalties - also levied against firms from the US, France, the Netherlands, and one Chinese company - came after a five-month inquiry by the National Development and Reform Co ... read more

Renewables Account For A Quarter Of New Energy Installed In USA

Spanish ministers meet with energy investors on market reforms

Americans continue to use more renewable energy sources

Sweden's Vattenfall hit by $4.6-bn charge as energy demand plunges

Taking a cue from cactus, new spiky material removes oil from water

Showing Promise for Lighting Energy Reductions

China agency sued over oil production in spill-hit bay

Colorado State Puts The Measure Across Construction Emissions

GDF Suez sells half-share of Portuguese renewable, thermal holdings

SOWITEC Mexico - strengthening its permitted project pipeline

Sky Harvest To Acquire Vertical Axis Wind Turbine Technology And Manufacturing Facilities

Wind Energy: Components Certification Helps Reduce Costs

Schneider Electric Champions Solar Energy in Thailand

Disorder can improve the performance of plastic solar cells

Tecta Completes Solar Installation at Massachusetts Art Museum

Microgrid Solar Helping To Support Growing Presence Of Electric Vehicles

Areva says Niger uranium mine operational after attack

Japan says battle to stop nuclear plant leaks 'urgent'

Japan's TEPCO discloses extent of nuclear plant leak

Taiwan lawmakers scuffle over planned nuclear plant

Microbial Who-Done-It For Biofuels

Microorganisms found in salt flats could offer new path to green hydrogen fuel

CSU researchers explore creating biofuels through photosynthesis

Drought response identified in potential biofuel plant

China launches three experimental satellites

Medical quarantine over for Shenzhou-10 astronauts

China's astronauts ready for longer missions

Chinese probe reaches record height in space travel

Carbon emissions to impact climate beyond the day after tomorrow

Looking to the past to predict the future of climate change

Namibia drought threatens 400,000 with hunger: govt

Future warming: Issues of magnitude and pace

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement