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Old 04-01-2012, 10:48 AM   #1
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kwok brothers arrested in HK

surprised this wasn't posted here yet.
now, i'm not an economist major, but i'm curious to see what effect, if any, this will have on china's economy. and ultimately, the world's.

Billionaire Kwok brothers arrested in Hong Kong, Sun Hung Kai Properties value plunges
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Old 04-01-2012, 10:55 AM   #2
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Nothing, other than their shares tanking which already did on Friday.
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Old 04-01-2012, 10:57 AM   #3
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I'm curious as to why/how do you think this will affect the world economy.
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Old 04-01-2012, 11:03 AM   #4
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I'm curious as to why/how do you think this will affect the world economy.
well, like i said, i'm no expert by any means, but they are asia's largest real estate developer. event's of smaller scale have been known to spark stock market crashes.
and as i understand it, again, no expert, much of the world's economy is hanging on by china. and china does follow the model for economic crash that has been seen in the past.
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Old 04-01-2012, 11:06 AM   #5
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it's nearly impossible to not participate in the corruption when a person owns that much asset, only a few knows how to spell integrity.
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Old 04-01-2012, 11:07 AM   #6
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Mmmm you know somthing.?

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I'm curious as to why/how do you think this will affect the world economy.
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Old 04-01-2012, 11:08 AM   #7
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those kwoks are always up to no good..
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Old 04-01-2012, 11:42 AM   #8
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-Donald Tsang got shafted for getting a free boat ride from Macau to HK on Sing Tao's owner's yacht.
-Henry Tang got shafted for having an extra basement
-The Kwoks probably got shafted for outdated haircuts?

But seriously, would it even be surprising considering their prominence? They have business interests all over HK and Asia, they're guaranteed high-level access to officials, and they're super rich. It's to easy to cross the line between being nice and being bribed. I guess they're just being unlucky they got caught? or is there some other ulterior motive? Keep in mind, HK officially became part of the China communist system a week or two ago.
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Old 04-01-2012, 12:07 PM   #9
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well, i think people tend to want to believe that wheels were inadequately greased. i don't think that's the case. but who really knows.

here's another interesting article. with more on what you're referring to:
Review & Outlook: Hong Kong's Property Bust - WSJ.com
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Old 04-01-2012, 06:32 PM   #10
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i think when you have your hands in so many cookie jars its actually really DIFFICULT to remain 'uncorrupted'

the laws surrounding corruption, what can and cannot be done, are so complex when you have so many networks/business dealings that alot of the time it might not even be intentional... i'm sure when you're that wealthy, stealing for a small gain isn't even on your mind

but then again i'm just speculating, my 2c
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Old 04-01-2012, 06:44 PM   #11
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those kwoks are always up to no good..
got into a little trouble in the neighbourhood...
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Old 04-01-2012, 07:22 PM   #12
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I wonder if the ICAC will ever go after Li Ka Shing. I hope so, that bastard.
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Old 04-01-2012, 07:33 PM   #13
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Old 04-01-2012, 08:41 PM   #14
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Those FUCKING shows lol

One good thing that comes out of this is that it shows they will go after anyone, no matter how 'big deal' they are.
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Old 04-01-2012, 08:59 PM   #15
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Wonder if there'll be any effect to the Aspac developments here.
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Old 04-01-2012, 09:14 PM   #16
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At least they weren't arrested for hitting up DTES hookers.
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Old 04-01-2012, 09:15 PM   #17
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Communist party is cleaning house, or so they want the world to think.... their own house is dirty as shit too, but then when someone questions them they fck around and execute a person or two just to show the world they mean business....

but on another note, possible new facepalm gif in the making ? or is he just picking his nose, i cant tell


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Old 04-01-2012, 09:45 PM   #18
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got into a little trouble in the neighbourhood...
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Old 04-02-2012, 03:00 PM   #19
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Hmmm, should some Hong Kong billionaires be scared of their shady business dealings after the Kwoks got arrested? Time to call the lawyers up?
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Old 04-02-2012, 04:42 PM   #20
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but on another note, possible new facepalm gif in the making ?
i thought it was a facepalm at first glance too
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Old 04-02-2012, 06:08 PM   #21
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I won't be surprised if it affects Vancouver...

ie: ASPAC Developmens (developers of River Green, Coal Harbour) is owned by these guys
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Old 04-02-2012, 09:33 PM   #22
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here what i have been told, kwok brothers goes to look at properties then get another guy to buy it so that the other guy could jack the prices up & then sun hung kai buys it

after the other guy & kwok brothers split the money evenly

now this is private info but long time ago the big brother was kidnapped & after he was release the 2 other brothers pay a famous doctor to make a report that their big bro has psychological problems after the kidnapped, which their mother believe so he was then booted out of the chairman seat

after collecting evidence he now seeks revenge period

now i know this may sound like tv drama but this is how i was told from my aunt where her husband's brothers wife works for them (in hk & vancouver)
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I went up to a cute chick and asked her if she'd let me take a photo of her for $30 she slapped me, she said to me that "I AIN'T A WHORE!"

But other than that I have seen every car on display in DTP just by cruising about in Richmond, thank you very much for collecting them together and get someone to sing a cover for "fuck you".

OH FUCK YOU OH OH OOOOH~
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wtf man? what the hell kind of women do you go for? spca is for animals not dates...
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Old 04-02-2012, 09:59 PM   #23
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^^^ all of the companies especially family ones have their dirty laundry

but the timing of this case is perhaps too much of a coincidence no? with HuJintaos supporters cleaning house of all of Jiang guys

especially with this case occuring just 2 days after Hu's guy winning HK
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Old 04-02-2012, 10:19 PM   #24
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^Hu is leaving in 6 months anyway.

The big deal about this case is that a former financial minister is involved with this, basically the highest civil servant in HK history to be "charged" with corruption. They think the minister had relationships with SHK as he was given place to live near happy valley that's worth a 100mil hkd now, of which is owned by SHK. ICAC also suspect that internal files from the gov't may have been given to SHK.

ICAC has been tight lipped about this case, so far no new information has been released but apparently this was in the works for around a year. They delayed the arrest until after the election because they don't want the whole media to say ICAC is manipulating the election and all that communist BS.
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Old 04-02-2012, 11:12 PM   #25
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im sure the it was perfectly timed by there big bro for his revenge
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I went up to a cute chick and asked her if she'd let me take a photo of her for $30 she slapped me, she said to me that "I AIN'T A WHORE!"

But other than that I have seen every car on display in DTP just by cruising about in Richmond, thank you very much for collecting them together and get someone to sing a cover for "fuck you".

OH FUCK YOU OH OH OOOOH~
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wtf man? what the hell kind of women do you go for? spca is for animals not dates...
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