Ex-UBS Associate Director Guilty Of HK$1.46m Bribery
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A former associate director of a foreign investment bank was convicted at the District Court today (October, 27th) of conspiracy for him to accept bribes of about HK$1.46 million in total for managing the investment portfolio of a client with the bank in 2007, the Independent Commission Against Corruption said.
Tu Bing, 40, was found guilty of one count of conspiracy for an agent to accept advantages. An associate director of Global Wealth Management and Business Banking of UBS Hong Kong Branch, he was responsible for managing investment portfolios of clients.
Judge Gary Lam Kar-yan adjourned the case until November 16 for sentencing.
Granted a HK$200,000 cash bail, Tu was ordered not to leave Hong Kong, reside at his reported address, and inform the anti-graft agency 24 hours prior to any change of address. (File photo of Wan Chai Law Courts)
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Source: TS
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