Hong Kong billionaire Joseph Lau’s bribery and money-laundering trial in Macau was delayed for a second time after his lawyer told the court the chairman of Hong Kong-listed Chinese Estates Holdings Ltd. (127) is ill.
Judge Mario Silvestre said he would set a date for the trial to begin after receiving more details of the illness. Silvestre replaced Alice Costa, whose illness delayed the previous scheduled start of the trial in September.
Prosecutors accuse Lau of bribery and money laundering in relation to the acquisition of land in Macau, Chinese Estates said last year. Lau, who controls almost 75 percent of the HK$23.6 billion ($3 billion) developer, has denied allegations that he or his company might have given bribes to Ao Man-long, Macau’s former secretary of transportation and public works, who was sentenced to 29 years in prison in May.
The origibnal article can be found at bloomberg.com