Ex-banker extradited from UK to face $4.3m bribery charges

2002-5-1

The former general manager of the Standard Bank London Limited's Hong Kong Representative Office, wanted by the ICAC for HK$4.3 million bribery charges, surrendered himself in London and was transferred to Hong Kong this (Wednesday) afternoon.

Peter Norman ELLIOTT, 50, was arrested by the Police in England on August 21, 1997 on an arrest warrant issued by a magistrate in Hong Kong on behalf of the ICAC.

ELLIOTT subsequently appeared at Bow Street Magistrates Court, London to face extradition proceedings.

During the past four years, he was engaged in various court proceedings concerning his extradition, which came to an end on March 27, 2002.

ELLIOTT will be charged by the ICAC with six counts of accepting an advantage under Section 9(1)(a) of the Prevention of Bribery Ordinance to appear at Eastern Magistracy at 9:30 am tomorrow (Thursday) morning .

The charges allege that ELLIOTT had accepted about HK$4.3 million in bribes as rewards for assisting two companies in obtaining loans or credit facilities totalling about US$84 million (about HK$654 million) from the bank.

ELLIOTT was first arrested in Hong Kong on July 17, 1996 and subsequently released on bail, pending ICAC enquiries. In December the same year, he left Hong Kong and has not returned.
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