Stock Market News

US looking for co-founder of Guangzhou R&F for a bribe

2022.12.12 09:08



US looking for co-founder of Guangzhou R&F for a bribe

Budrigannews.com – A London court heard on Monday that the billionaire co-founder of Guangzhou R&F Properties Co Ltd is wanted in the United States on charges that he paid kickbacks to get permits for a construction project in San Francisco.

According to a provisional warrant issued in the Northern District of California, the chief executive of Hong Kong-listed developer R&F, Zhang Li, is wanted for participating in a scheme to bribe public officials between 2015 and 2020.

Ben Lloyd, who is representing U.S. prosecutors, said that R&F’s domestic affiliate, Z&L Properties Inc., received bribes from officials in San Francisco. R&F did not immediately respond to a request for comment.

In the midst of a legal battle to prevent his extradition to the United States, Zhang’s attorneys asked a judge to grant him bail on Monday at London’s Westminster Magistrates’ Court. Zhang did not appear there.

The 69-year-old – who is valued at $2.3 billion, as per Forbes magazine – proposed to pay a security of 15 million pounds ($18.4 million).

More Barclays reduces value Apple shares

Mark Summers, who represented Zhang, stated that R&F would provide 10 million pounds of the security. He added, Due to the Hong Kong stock exchange’s listing regulations, it cannot go higher than that.”

Summers stated that Zhang would contribute the remaining 5 million pounds.

Judge John Zani conceded bail and forced a 24-hour time limitation on Zhang. When Zhang left his house to go to court, the judge also said that he had to be handcuffed to a member of his court-appointed private security team.

US looking for co-founder of Guangzhou R&F for a bribe

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 75,799.31 0.69%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,897.00 1.57%
tether
Tether (USDT) $ 1.00 0.02%
solana
Solana (SOL) $ 196.63 2.99%
bnb
BNB (BNB) $ 595.56 1.87%
usd-coin
USDC (USDC) $ 1.00 0.00%
xrp
XRP (XRP) $ 0.550041 0.49%
staked-ether
Lido Staked Ether (STETH) $ 2,895.27 1.24%
dogecoin
Dogecoin (DOGE) $ 0.192217 3.39%
cardano
Cardano (ADA) $ 0.413872 10.50%
tron
TRON (TRX) $ 0.160215 1.33%
the-open-network
Toncoin (TON) $ 4.88 1.66%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,437.23 2.31%
avalanche-2
Avalanche (AVAX) $ 27.28 2.19%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 75,703.28 0.59%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 2.71%
weth
WETH (WETH) $ 2,897.49 1.42%
chainlink
Chainlink (LINK) $ 12.58 0.31%
bitcoin-cash
Bitcoin Cash (BCH) $ 376.33 2.06%
sui
Sui (SUI) $ 2.27 2.52%
polkadot
Polkadot (DOT) $ 4.13 1.24%
leo-token
LEO Token (LEO) $ 6.37 2.49%
usds
USDS (USDS) $ 1.00 0.03%
litecoin
Litecoin (LTC) $ 71.15 0.49%
uniswap
Uniswap (UNI) $ 8.87 5.33%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,048.93 1.94%
near
NEAR Protocol (NEAR) $ 4.18 2.95%
aptos
Aptos (APT) $ 9.56 2.62%
pepe
Pepe (PEPE) $ 0.000011 0.47%
bittensor
Bittensor (TAO) $ 500.87 7.54%
internet-computer
Internet Computer (ICP) $ 7.68 4.45%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.40 3.09%
dai
Dai (DAI) $ 1.00 0.06%
monero
Monero (XMR) $ 164.07 0.85%
stellar
Stellar (XLM) $ 0.101153 2.88%
ethereum-classic
Ethereum Classic (ETC) $ 20.05 2.38%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
kaspa
Kaspa (KAS) $ 0.113165 8.13%
whitebit
WhiteBIT Coin (WBT) $ 19.66 2.02%
aave
Aave (AAVE) $ 180.27 4.46%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.342732 0.88%
blockstack
Stacks (STX) $ 1.66 4.43%
crypto-com-chain
Cronos (CRO) $ 0.089922 4.77%
okb
OKB (OKB) $ 40.10 0.16%
dogwifcoin
dogwifhat (WIF) $ 2.34 4.38%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.04%
arbitrum
Arbitrum (ARB) $ 0.575248 1.93%
filecoin
Filecoin (FIL) $ 3.71 2.80%
mantle
Mantle (MNT) $ 0.649737 5.19%