Index Investing News
Wednesday, May 28, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Guangzhou R&F co-founder wanted in U.S. for ‘bribery’, London court hears By Reuters

by Index Investing News
December 12, 2022
in Financial
Reading Time: 2 mins read
A A
4
Home Financial
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: The logo of Guangzhou-based property developer R&F Properties is pictured at a strategic cooperation signing ceremony in Beijing, China July 19, 2017. REUTERS/Jason Lee

By Sam Tobin

LONDON (Reuters) – The billionaire co-founder of Guangzhou R&F Properties Co Ltd is wanted in the United States accused of paying kickbacks to obtain permits for a construction project in San Francisco, a court in London heard on Monday.

Zhang Li, the chief executive of Hong Kong-listed developer R&F, is wanted on a provisional warrant issued in the Northern District of California, which accuses him of participating in a scheme to bribe public officials between 2015 and 2020.

Ben Lloyd, representing U.S. prosecutors, said the scheme involved the payment of bribes to officials in San Francisco for the benefit of R&F’s domestic affiliate, Z&L Properties Inc.

R&F did not immediately respond to a request for comment.

Zhang did not appear on Monday at London’s Westminster Magistrates’ Court, where his lawyers asked a judge to grant him bail ahead of a legal battle against extradition to the United States.

The 69-year-old – who is worth $2.3 billion, according to Forbes magazine – offered to pay a security of 15 million pounds ($18.4 million).

Mark Summers, representing Zhang, said 10 million pounds of the security would be provided by R&F. He added: “It cannot go higher than that because of the listing rules [of] the Hong Kong stock exchange.”

Zhang would provide the other 5 million pounds, Summers said.

Judge John Zani granted bail and imposed a 24-hour curfew on Zhang. The judge also said Zhang must be handcuffed to a member of his court-appointed private security team when he left his house for the purposes of attending court.



Source link

Tags: briberycofoundercourtGuangzhouhearsLondonReutersWanted
ShareTweetShareShare
Previous Post

Your Co-Investors in BREIT – The Big Picture

Next Post

Bitcoin Bottom Or More Pain? Here’s What Arthur Hayes Thinks

Related Posts

Local weather change might be driving up most cancers charges in ladies, research finds

Local weather change might be driving up most cancers charges in ladies, research finds

by Index Investing News
May 27, 2025
0

Within the U.S., most cancers charges are going up—particularly for younger and middle-aged ladies, whose most cancers diagnoses have surpassed...

Xiaomi Company (XIACF) Q1 2025 Earnings Name Transcript

Xiaomi Company (XIACF) Q1 2025 Earnings Name Transcript

by Index Investing News
May 27, 2025
0

Xiaomi Company (OTCPK:XIACF) Q1 2025 Earnings Convention Name Might 27, 2025 7:30 AM ET Firm Members Lu Weibing - PresidentAlain...

LIC declares Rs 12 remaining dividend after sturdy FY25 earnings, units file date

LIC declares Rs 12 remaining dividend after sturdy FY25 earnings, units file date

by Index Investing News
May 27, 2025
0

Life Insurance coverage Company of India (LIC) has really helpful a remaining dividend of Rs 12 per fairness share for...

BSNL worthwhile for two back-to-back quarters for first time in 18 years; Jan-Mar PAT at Rs 280 crore

BSNL worthwhile for two back-to-back quarters for first time in 18 years; Jan-Mar PAT at Rs 280 crore

by Index Investing News
May 27, 2025
0

BSNL Posts 2nd Consecutive Quarterly Revenue FY25: Bharat Sanchar Nigam Ltd (BSNL) on Tuesday reported a uncommon, second straight quarter of...

Aditya Birla Style Units Rs 500 Crore Capex in FY26 To Repair Loss-Making Manufacturers

Aditya Birla Style Units Rs 500 Crore Capex in FY26 To Repair Loss-Making Manufacturers

by Index Investing News
May 27, 2025
0

Aditya Birla Style and Retail Ltd. has lined up capital expenditure of Rs 500 crore this monetary yr. A giant...

Next Post
Bitcoin Bottom Or More Pain? Here’s What Arthur Hayes Thinks

Bitcoin Bottom Or More Pain? Here's What Arthur Hayes Thinks

Want a Lesson in Hitchcockian Suspense? Look to Mr. Bean.

Want a Lesson in Hitchcockian Suspense? Look to Mr. Bean.

Comments 4

  1. Pingback: 广州富力联合创始人因“贿赂”在美国被通缉,伦敦法院开庭审理 路透社 - 每日金融资讯网
  2. Pingback: Guangzhou R&F co-founder wanted in U.S. for ‘bribery’, London court hears By Reuters – Raynar Prime
  3. Pingback: Guangzhou R&F co-founder wanted in U.S. for 'bribery', London court hears By Reuters - Euro Times
  4. Pingback: 广州富力联合创始人因“贿赂”在美国被通缉,伦敦法院开庭审理 路透社 - 光速日链网

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Trade unions in the age of automation

Trade unions in the age of automation

May 1, 2023
Hong Kong’s Hoo.com expects to re-open some token withdrawals at the moment; Finblox takes steps to deal with liquidity

Hong Kong’s Hoo.com expects to re-open some token withdrawals at the moment; Finblox takes steps to deal with liquidity

June 21, 2022
Larsa Pippen Admits She Finds Relationship ‘Onerous’ Since She All the time Compares Potential Companions To Her Ex Scottie

Larsa Pippen Admits She Finds Relationship ‘Onerous’ Since She All the time Compares Potential Companions To Her Ex Scottie

August 21, 2022
Holiday spending rose 3.1% despite inflation, financial anxiety

Holiday spending rose 3.1% despite inflation, financial anxiety

December 26, 2023
New York attorney general will seek sanctions on Trump

New York attorney general will seek sanctions on Trump

January 31, 2023
Twitter is cigarettes – The Reformed Broker

Twitter is cigarettes – The Reformed Broker

November 8, 2022
A Information to On-line Public sale Websites UK

A Information to On-line Public sale Websites UK

March 12, 2022
International Human Rights Law As a Tool To Stop Rising Homophobia in Africa — Global Issues

International Human Rights Law As a Tool To Stop Rising Homophobia in Africa — Global Issues

April 15, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In