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
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.
Friends: (0)
Reply With Quote
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 11:59 AM
U.S. businessman released from China prison Maya Raichura Articles !! 0 July 3rd, 2008 03:10 PM
38% global cos asked to pay bribe in India... Pratik Bharti Articles !! 0 October 16th, 2007 06:59 PM
PRISON vs JOB piyazcool LaUghTeR AccEleRatED , Just CHILL !! 2 July 17th, 2006 10:18 PM
prison vs workplace themaharana LaUghTeR AccEleRatED , Just CHILL !! 0 May 6th, 2006 09:54 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?
  
» Ads




» Recent Threads
Watch Free IPL 7 Match 2:
Last post by Yashwant Naik
9 Hours Ago 11:28 PM
0 Replies
IPL 2014 Live Score:...
Last post by Yashwant Naik
9 Hours Ago 11:21 PM
0 Replies
Pepsi IPL7 Live Match,...
Last post by Yashwant Naik
9 Hours Ago 10:41 PM
0 Replies
Atletico Madrid stuns...
Last post by Yashwant Naik
9 Hours Ago 10:32 PM
1 Replies
Soultion manual on... ( 1 2 3... Last Page)
Last post by Paul Crush
11 Hours Ago 09:25 PM
51 Replies
Calgary Stabbing Victims...
Last post by Kaushal Mehta
14 Hours Ago 05:35 PM
0 Replies
EPL Results Week 35
Last post by Kaushal Mehta
15 Hours Ago 05:29 PM
0 Replies
Real Madrid Barcellona
Last post by Kaushal Mehta
15 Hours Ago 05:26 PM
0 Replies
TISS, Mumbai: Exec. PGD...
16 Hours Ago 04:25 PM
0 Replies
Short Term Technical... ( 1 2 3... Last Page)
Last post by Windsor Brokers
16 Hours Ago 03:58 PM
42 Replies
Get 2 Days Free Stock...
Last post by Market Magnify
16 Hours Ago 03:57 PM
0 Replies
PREMIUM CALL
Last post by Riya Bajaj
17 Hours Ago 02:44 PM
1 Replies
Solution manual on... ( 1 2)
Last post by Mian Umar
1 Day Ago 07:56 AM
19 Replies
Solution manual on Cost... ( 1 2 3... Last Page)
Last post by Ahmed Shousha
1 Day Ago 02:26 AM
35 Replies
Pepsi IPL7 Match -...
Last post by Yashwant Naik
1 Day Ago 10:40 PM
0 Replies
» Projects Helpline
Project on CRM (...
Last post by Vish Kumar
1 Day Ago 06:12 PM
100 Marks Project on...
by msdhoni
Last post by Bhautik Kawa
3 Days Ago 11:55 AM
Ask Gaurav Mishra for...
1 Week Ago 09:33 PM
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