Hong Kong's anti-graft body yesterday charged a KPMG executive with bribery in connection with a controversial initial public offering that is the subject of an investigation by the territory's securities regulator.
The Independent Commission Against Corruption alleged that Leung Sze-chit, who it identified as a 32 year-old “senior manager”, offered a bribe to one of his colleagues.
“The charge alleged that . . . the defendant, together with another person, offered HK$100,000 ($12,280) to his subordinate in relation to the global offering of Hontex International Holdings Company Limited,” the ICAC said in a statement.
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