Don Weinland and Hudson Lockett
25 October 2017
Hong Kong’s anti-corruption watchdog has searched the offices of China Jinmao Holdings, the property arm of chemicals group Sinochem, in a rare example of the local agency investigating a state Chinese group. Jinmao said in a regulatory filing that the Independent Commission Against Corruption had searched its main offices in Hong Kong and “invited” its chief financial officer Jiang Nan to visit the body in relation to an investigation...
Michael Jackson, associate professor at the University of Hong Kong’s Faculty of Law, said the ICAC had generally shied away from investigating and prosecuting cases involving Chinese state-owned enterprises. He said this was due in part to its jurisdiction over foreign entities and individuals essentially being limited to within the territory...
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