Date
20 August 2017
Sun Hung Kai Properties deputy managing director Victor Lui (left) says he received threatening letters from Walter Kwok (right) over a lease deal. Photo: HKEJ
Sun Hung Kai Properties deputy managing director Victor Lui (left) says he received threatening letters from Walter Kwok (right) over a lease deal. Photo: HKEJ

Hui trial: Walter Kwok threatened SHKP executive over lease deal

Walter Kwok, former chairman of Sun Hung Kai Properties Ltd. (SHKP) (00016.HK), sent threatening letters to deputy managing director Victor Lui over a lease agreement with an investment bank, Hong Kong’s High Court heard.

Lui described the experience as irrational and disturbing, Apple Daily reported Wednesday.

He was testifying in the trial of former Hong Kong chief secretary Rafael Hui, who is accused of taking tens of millions of dollars from SHKP co-chairmen Thomas and Raymond Kwok to be the developer’s “eyes and ears” in the government.

Lui, who was then executive director of Sun Hung Kai Real Estate Agency, received threats from Walter Kwok after a disagreement over the 2007 lease of office space in the company’s flagship International Commerce Center to Credit Suisse A.G., the report said. Kwok criticized the deal because it involved only a few board members.

In 2008, Kwong Siu-hing, the family matriarch and SHKP’s largest shareholder, settled the issue by issuing a letter to the board that she accepted the deal, the court heard.

Walter Kwok took leave from the company the following month and was replaced by his mother as chairman.

Lui testified that some SHKP directors knew about two Happy Valley flats rented out to Hui but Lui did not know Hui was not paying for it, according to Metro Daily.

Hui faces eight counts of bribery and misconduct in public office while Thomas Kwok faces a charge of conspiracy to offer an advantage to Hui and two counts of conspiracy to commit misconduct in public office.

Raymond Kwok faces four charges, including one with Hui of giving false information.

SHKP executive director Thomas Chan and former Hong Kong stock exchange official Francis Kwan each face two charges. All have pleaded not guilty.

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