Hong Kong court finds property billionaire, former top official guilty of corruption

Associated Press

A Hong Kong jury found a billionaire property developer and a former top government official guilty of corruption after a high profile trial.

The property magnate Thomas Kwok was Friday convicted of conspiracy for making HK$8.5 million of payments to former city official Rafael Hui.

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At the time of the offenses, Hui was Hong Kong's No. 2 official.

Kwok's younger brother Raymond, also a billionaire, was found not guilty.

The brothers, who are joint chairmen of Sun Hung Kai Properties Ltd, are two of the world's wealthiest people.

Anti-corruption police arrested and charged the Kwoks in 2012, along with three others.

Prosecutors had alleged that the prominent developers gave bribes in exchange for lucrative information on pending land sales