Promises May Have Lured Joseph Lau: Opposition

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-05-29 HKT 17:56

Share this story

facebook

  • Promises may have lured Joseph Lau: opposition

Tycoon Joseph Lau’s unexpected move to abandon his legal challenge over the government’s extradition laws evoked cautious reactions from some opposition lawmakers on Wednesday, who wondered if this was a result of officials making certain “promises”.

Claudia Mo from Council Front speculated that someone had interfered with Lau's decision and it was not his personal choice, as Lau mentioned in the statement that he’s a patriotic businessman and wanted to reduce the dispute in society.

But she sounded a word of caution. “If he’s now convinced that he’s not on the extraditable list, it might be wishful thinking. I wish him the best of luck,” she said.

Democratic Party lawmaker Lam Cheuk-ting speculated that Lau may have dropped his judicial review application after government sources indicated that the threshold of jail terms could be made seven years.

Lau was jailed in absentia for five years and three months in Macau over a bribery case.

Pro-Beijing lawmaker Priscilla Leung from the Business and Professionals Alliance didn’t want to speculate on Lau's decision to drop his legal bid, but she welcomed his change of heart.

Leung said the move had come at the right time. Now people won't think that if the government makes some changes to its proposal, it is favouring Lau, she said.

RECENT NEWS

Hong Kong FPS To Enable Small Cross-Border Payments With Mainland China By Mid-2025

The Hong Kong Monetary Authority (HKMA) has announced plans to connect the Hong Kong FPS with mainland China’s Intern... Read more

Asian Financial Forum Kicks Off In Hong Kong With Over 3,600 Attendees Expected

The 18th Asian Financial Forum (AFF) kicked off yesterday (13 January) at the Hong Kong Convention and Exhibition Centr... Read more

HashKey Group Secures In-Principle Approval For VASP License In Dubai

Hong Kong-based HashKey Group announced that its subsidiary, HashKey MENA FZE, has received In-Principle Approval (... Read more

IFAST Expands Offerings With Custodian Role For Private OFCs In Hong Kong

Fintech solutions provider iFAST HK can now act as a custodian for private Open-ended Fund Companies (OFCs). The OFC re... Read more

Hong Kongs Digital Banks Rethink Physical Branches To Improve Customer Experience

Some Hong Kong digital banks are rethinking their strategies and considering physical branches in Hong Kong, according ... Read more

WeLab Bank Hits Breakeven Four Years After Launch

WeLab Bank announced that it achieved breakeven in December 2024, just over four years after its launch. This update fo... Read more