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The Hong Kong courtroom finds that JPMorgan's former prime banker shouldn’t be responsible of bribery

© Reuters.

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.

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