AIRLINK 202.35 Increased By ▲ 1.11 (0.55%)
BOP 10.12 Increased By ▲ 0.15 (1.5%)
CNERGY 7.17 Increased By ▲ 0.28 (4.06%)
FCCL 37.20 Increased By ▲ 1.84 (5.2%)
FFL 17.13 Decreased By ▼ -0.02 (-0.12%)
FLYNG 25.69 Increased By ▲ 1.48 (6.11%)
HUBC 135.31 Decreased By ▼ -2.88 (-2.08%)
HUMNL 14.07 No Change ▼ 0.00 (0%)
KEL 4.84 Decreased By ▼ -0.02 (-0.41%)
KOSM 6.66 No Change ▼ 0.00 (0%)
MLCF 46.22 Decreased By ▼ -0.09 (-0.19%)
OGDC 222.25 Decreased By ▼ -0.29 (-0.13%)
PACE 7.03 Decreased By ▼ -0.03 (-0.42%)
PAEL 42.48 Decreased By ▼ -0.66 (-1.53%)
PIAHCLA 16.99 Decreased By ▼ -0.04 (-0.23%)
PIBTL 8.59 Increased By ▲ 0.05 (0.59%)
POWER 9.63 Increased By ▲ 0.53 (5.82%)
PPL 187.85 Decreased By ▼ -0.91 (-0.48%)
PRL 42.43 Decreased By ▼ -0.84 (-1.94%)
PTC 25.26 Decreased By ▼ -0.09 (-0.36%)
SEARL 108.00 Decreased By ▼ -2.42 (-2.19%)
SILK 1.02 Decreased By ▼ -0.01 (-0.97%)
SSGC 42.48 Decreased By ▼ -0.16 (-0.38%)
SYM 18.52 Decreased By ▼ -0.05 (-0.27%)
TELE 9.05 Decreased By ▼ -0.07 (-0.77%)
TPLP 13.40 Decreased By ▼ -0.28 (-2.05%)
TRG 67.90 Decreased By ▼ -0.26 (-0.38%)
WAVESAPP 10.34 Increased By ▲ 0.07 (0.68%)
WTL 1.84 Decreased By ▼ -0.03 (-1.6%)
YOUW 4.01 No Change ▼ 0.00 (0%)
BR100 12,233 Increased By 13.4 (0.11%)
BR30 37,205 Decreased By -112.2 (-0.3%)
KSE100 115,972 Increased By 126.8 (0.11%)
KSE30 36,540 Increased By 64.2 (0.18%)

The former managing director of fast food chain McDonald's in Hong Kong faced jail Thursday after being convicted of taking 330,000 US dollars in bribes from a food supplier.Joseph Lau Si-sing, 48, was found guilty at a court hearing Wednesday of taking bribes and conspiring to pervert the course of justice by asking the supplier to lie to investigators.
Lau, who joined the fast food chain in Hong Kong in 2004, added more fruit and vegetables to the menu and ordered corn from a Thai supplier who he used to work with in a previous job. In 2005, he asked the supplier to give him 10 per cent of the value of the orders McDonald's placed and received 330,000 US dollars in payments over the next two years.
When anti-corruption investigators began a probe, Lau told the supplier to tell investigators he had given him the money for a joint property investment in China. Lau, who has been sacked by McDonald's will be sentenced by Hong Kong's District Court on May 6 and faces a possible jail term. Sentencing was adjourned for a background report to be prepared.

Copyright Deutsche Presse-Agentur, 2009

Comments

Comments are closed.