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
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

Six Easy ways to earn,...
Last post by Joel Francis
7 Hours Ago 06:45 PM
0 Replies
Nuclear powers (Our...
Last post by Naveed Saber
14 Hours Ago 11:01 AM
2 Replies
Test Bank to Financial...
Last post by Dan Le
19 Hours Ago 06:20 AM
4 Replies
Black Tiger born in...
Last post by Joel Francis
1 Day Ago 09:18 PM
0 Replies
Payroll Process
Last post by Colin Middleton
1 Day Ago 05:05 PM
1 Replies
Epic Research Update :...
Last post by Epic Research
1 Day Ago 01:01 PM
1 Replies
Epic Research Update :...
Last post by Epic Research
1 Day Ago 01:00 PM
1 Replies
Debra Hass & Associates...
Last post by Kaye Mahall
2 Days Ago 06:42 PM
0 Replies
Soultion manual on... ( 1 2 3... Last Page)
Last post by Lee Parker
3 Days Ago 10:59 PM
65 Replies
CFA Level 1, Level 2 and...
Last post by Jean Marc
3 Days Ago 11:30 AM
6 Replies
Need companies address... ( 1 2)
Last post by Bhautik Kawa
4 Days Ago 10:30 AM
15 Replies
Epic Research : Asian...
Last post by Epic Research
5 Days Ago 11:04 AM
4 Replies
Epic Research : US...
Last post by Epic Research
5 Days Ago 10:48 AM
3 Replies
Solutions Manuals,... ( 1 2)
Last post by Rafia Faiz
5 Days Ago 10:38 AM
16 Replies
Solution manual on... ( 1 2 3)
Last post by Love Boy
6 Days Ago 01:47 AM
28 Replies

» Projects Helpline

No Threads to Display.

» THE BIG FIGHT

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