HONG KONG (Reuters) – A Hong Kong judge ruled Monday that JPMorgan (NYSE :), former Asian investment banking vice chairwoman Catherine Leung, was not guilty of bribery after her trial late last year.
Leung was accused of bribing then chairman of Kerry Logistics Network Ltd., Ang Keng-lam, by hiring his son, Ang Ren-yi, in the US investment bank's Hong Kong office in 2010.
It did so, prosecutors told the court, in expectation that Ang would influence his company to give JPMorgan a role in its upcoming IPO.
However, Leung's attorney argued that Leung had played a minor role in the hiring process and relied on the bank's HR processes.
Leung did not comment when Reuters was approached outside the courtroom on Monday. None of the Angs could be reached immediately through their current employer.
Ang Ren-yi worked at JPMorgan from June 2010 to October 2011, according to court records.
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may suffer from using this data.
Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.