case study macao senior government official corruption case multi-jurisdictional asset concealment /...
TRANSCRIPT
Case StudyCase Study
Macao Senior Government Official Corruption Macao Senior Government Official Corruption Case Case Multi-jurisdictional Asset Concealment / Recovery / Restraining / Multi-jurisdictional Asset Concealment / Recovery / Restraining /
ConfiscationConfiscation
CHOI Shu-keung CHOI Shu-keung
Assistant DirectorAssistant Director
ICAC, Hong KongICAC, Hong Kong
Dalian, China – 27 June 2012Dalian, China – 27 June 2012
The Forth IAACA The Forth IAACA SeminarSeminar
CorruptionCorruptionAsset Concealment / DiscoveryAsset Concealment / Discovery
Mr AOSecretary for Transport and Public Work
MACAO
HONG KONG
Govt Contractors
Overseas Companies
Family Members
39 Bank A/C
United Kingdom
Real Property
NomineesLawyers
MiddlemenHK$42M
HK$330M (US$42M) GBP 8.87M (US$14M)
HK Co.
Land Developers
InvestigationInvestigation
Asset Discovery / RestrainingAsset Discovery / Restraining
Suspicious Transactions in Hong KongSuspicious Transactions in Hong Kong
Hong Kong / Macao joint overt actions – Dec Hong Kong / Macao joint overt actions – Dec 20062006
Hong KongHong Kong– ArrestArrest middlemen and associates middlemen and associates– Seize Seize HKD eqv 82M Cash (S.10C of ICAC Ordinance)HKD eqv 82M Cash (S.10C of ICAC Ordinance)– RestraintRestraint (S.14C of Prevention of Bribery Ordinance) (S.14C of Prevention of Bribery Ordinance)
$330M in bank A/C of overseas co & $330M in bank A/C of overseas co & associates associates
– RestraintRestraint (Organized and Serious Crimes Ordinance) (Organized and Serious Crimes Ordinance) $22M in bank A/C of middleman $22M in bank A/C of middleman
ProsecutionProsecution
MACAO
HONG KONG
- ProsecutionProsecution- AO / associates / offerors for bribery and related offencesAO / associates / offerors for bribery and related offences
(29 yrs for AO and etc)(29 yrs for AO and etc)-AssetsAssets-Claimed all of AO’s assets in Hong KongClaimed all of AO’s assets in Hong Kong-Restrained the property in UK Restrained the property in UK -Recovering all assets of AO Recovering all assets of AO
Asset Restraining / Confiscation Asset Restraining / Confiscation
-ProsecutionProsecution -2 x middlemen for money laundering (absconded)2 x middlemen for money laundering (absconded)-2 x company directors for offering MOP29M bribe 2 x company directors for offering MOP29M bribe (36 mons jail pending appeal)(36 mons jail pending appeal)-AssetsAssets-Returned HK$330M to MacaoReturned HK$330M to Macao-Restrained HK$22.4M of a middlemanRestrained HK$22.4M of a middleman
(pending confiscation)(pending confiscation)
IssuesIssues
Anti-Money Maundering Law Anti-Money Maundering Law – implementation implementation – civil participationcivil participation
Anti-Corruption law Anti-Corruption law – power to recover corrupt proceedspower to recover corrupt proceeds
Inter-jurisdictional cooperation Inter-jurisdictional cooperation – legal / operational legal / operational
Role of Corporate Vehicles / Role of Corporate Vehicles / NomineesNominees
Thank You Thank You