ManagementParadise.com : Worlds Leading Management Portal. MBA | Classroom, Boardroom and Beyond


Go Back   ManagementParadise.com Forums - Your MBA Online Degree Program and Management Students Forum for MBA,BMS, MMS, BMM, BBA, students & aspirants. > The Lounge !! > LaUghTeR AccEleRatED , Just CHILL !!

Ex-HSBC Banker Gets 20 Months Prison for Taking Bribe

Ex-HSBC Banker Gets 20 Months Prison for Taking Bribe

Discuss Ex-HSBC Banker Gets 20 Months Prison for Taking Bribe within the LaUghTeR AccEleRatED , Just CHILL !! forums, part of the The Lounge !! category; News: By Debra Mao Dec. 23 (Bloomberg) -- Former HSBC Holdings Plc executive Chen Ching-hsiao was sentenced to 20 months ...

Reply

 

LinkBack Thread Tools Display Modes
Advertisements
Ex-HSBC Banker Gets 20 Months Prison for Taking Bribe
Old
 (1 (permalink))
cindychen
cindychen is an unknown quantity at this point
 
cindychen
 
Status: Offline
Posts: 1
Join Date: Jan 2010
Ex-HSBC Banker Gets 20 Months Prison for Taking Bribe - January 4th, 2010

News:

By Debra Mao
Dec. 23 (Bloomberg) -- Former HSBC Holdings Plc executive
Chen Ching-hsiao was sentenced to 20 months in prison by a Hong
Kong court for taking a bribe from a Taiwanese client seeking
credit facilities.
As a senior manager he damaged the reputation of the bank
but he was willing to face up to his errors, said Hong Kong
District Court Judge Stanley Chan today. Chen, 46, faced a
maximum sentence of three years.
Chen pleaded guilty on Nov. 13 to charges that he accepted
a $60,000 bribe from the owner of Profit Reach, which made shoes
for New Balance and Timberland, in June 2007 in return for
recommending or approving two credit facilities. HSBC referred
the case to Hong Kongs Independent Commission Against
Corruption, the anti-graft agency said in a statement today.
Chen was a senior vice-president of HSBCs commercial
banking department in Hong Kong responsible for dealing with
Taiwanese entrepreneurs doing business in China, the ICAC said.
He recommended facilities of over $10 million for Profit
Reach and another sports shoe maker owned by the same
businessmen. The two companies owed HSBC HK$60 million ($7.7
million) in default payments as of Nov. 26.
Advertisements
Friends: (0)
Reply With Quote
#  
MBA
Your Friendly Helper
 
www.ManagementParadise.com
Rep Power: 10MBA Helper
Automatic Reply for links related to your post

Hello.

I am your friendly Helper. Check the related links below which might be of your interest.

Not a Member Yet ?? Sign Up Now. Click Here

Looking for something? Search the Forums

Need Help on your Research Report ? Ask for Help or Help Others and create your network. Give back to the community by sharing your knowledge in terms of notes, research reports, discussions, articles etc..

Help Yourself and Help Others


Advertisements

Related to Ex-HSBC Banker Gets 20 Months Prison for Taking Bribe
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
UNDERSTANDING, THE WEALTH MANAGEMENT BUSINESS OF HSBC; HSBC PREMIER AN INSIGHT. rshb Service Sector Management (S.S.M) 18 December 5th, 2010 12:59 PM
U.S. businessman released from China prison Maya Raichura Articles !! 0 July 3rd, 2008 04:10 PM
38% global cos asked to pay bribe in India... Pratik Bharti Articles !! 0 October 16th, 2007 07:59 PM
PRISON vs JOB piyazcool LaUghTeR AccEleRatED , Just CHILL !! 2 July 17th, 2006 11:18 PM
prison vs workplace themaharana LaUghTeR AccEleRatED , Just CHILL !! 0 May 6th, 2006 10:54 PM
 
Reply

Bookmarks

Tags
banker, bribe, exhsbc, months, prison, taking

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Login
Forgot Password?  New User?
  

» Recent Threads

Marketing Strategy of...
Last post by Joel Francis
1 Minute Ago 06:29 PM
0 Replies
Marketing Strategy of...
Last post by Joel Francis
2 Minutes Ago 06:27 PM
0 Replies
Marketing Strategy of...
Last post by Joel Francis
4 Minutes Ago 06:25 PM
0 Replies
Marketing Strategy of...
Last post by Joel Francis
7 Minutes Ago 06:22 PM
0 Replies
Marketing Strategy of...
Last post by Joel Francis
8 Minutes Ago 06:20 PM
0 Replies
Differrence between Vlue...
Last post by Alicia Suji
1 Hour Ago 05:26 PM
0 Replies
How to value a business?
Last post by Alicia Suji
1 Hour Ago 05:05 PM
0 Replies
What is payroll...
Last post by Alicia Suji
1 Hour Ago 05:01 PM
0 Replies
What is the exact...
Last post by Alicia Suji
1 Hour Ago 04:55 PM
0 Replies
MBA Program 2015 - KIIT...
Last post by Murgha Joshi
2 Hours Ago 03:37 PM
0 Replies
MBA Programs 2015 -...
Last post by Murgha Joshi
3 Hours Ago 03:23 PM
0 Replies
MBA Programs 2015 -...
Last post by Murgha Joshi
3 Hours Ago 03:18 PM
0 Replies
MBA Programs 2015 -...
Last post by Murgha Joshi
3 Hours Ago 02:39 PM
0 Replies
PGDM Program 2015 - MYRA...
Last post by Murgha Joshi
3 Hours Ago 02:33 PM
0 Replies
MBA/PGDM Programs 2015 -...
Last post by Murgha Joshi
4 Hours Ago 02:24 PM
0 Replies

» Ads





» Projects Helpline

No Threads to Display.
ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.


Management Paradise
About Us
Press
Jobs
Contact Us
Kartik Raichura
Legal
Terms & Conditions
Privacy Policy
Disclaimer
Copyrights
Help
Zeitgeist
Support
FAQs
Tour
Feedback
Partners
Follow
Copyright © 2004 - 2013 Management Paradise. Site Developed by Available.co.in