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FM HONG KONG
TO IMMEDIATE FCO
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RECEIVED IN REGISTRS
TOP COPY
15 JAN 1988
REGISTRY
DESK OFFICER
TELNO 199
INDEX
PA
Action Taken
OF 14130OZ JANUARY 88
13
147067 MDHIAN 3599
PERSONAL FOR HUM HKD FROM GOVERNOR.
(12
MY TELNO 99 : HONG KONG STOCK EXCHANGE
INVESTIGATION BY ICAC.
MR. RONALD LI HAS BEEN SUMMONED TO THE ICAC THIS AFTERNOON. HE HAS BEEN CHARGED ON ONE COUNT OF ACCEPTING AN ADVANTAGE AS AN AGENT,
CONTRARY TO SECTION 9(1)B OF THE PREVENTION OF BRIBERY ORDINANCE, IN CONNECTION WITH THE ISSUE OF SHARES IN KUMAGAI GUMI CHONG KONG) LTD IN MARCH 1987. HE WILL APPEAR IN COURT TOMMORROW. THE ICAC HAVE ONLY ANNOUNCED TODAY THE FACT THAT A CHARGE HAS BEEN BROUGHT AGAINST MR. LI UNDER SECTION 9, BUT THE FULL FACTS WILL BE PUBLIC WHEN HE APPEARS IN COURT.
2. IN THE MEANTIME THE ICAC ARE CONTINUING TO INVESTIGATE THE KUMAGAI CASE. THEY MAY BRING CHARGES AGAINST OTHERS INVOLVED AT A LATER DATE. THEY ARE ALSO INVESTIGATING A NUMBER OF OTHER CASES INVOLVING SHARE ISSUES WITH THE AIM OF BUILDING UP A PATTERN OF BEHAVIOUR WHICH WILL SUBSTANTIATE ALLEGATIONS OF CORRUPTION. ADVISED THAT IT WILL TAKE SOME TIME TO COMPLETE THIS WORK.
WILSON
I AM
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DISTRIBUTION
29
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27
LIMITED
HKD
PS
PS LORD GLENARTHUR
PS/PUS
MR GILLMORE
MR MCLAREN
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