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A European bank

5 Jun 1988

The former Carrian chairman is arrested by the ICAC and charged with four counts of offering HK$2.37 million to a former bank manager and two counts of offering about HK$2.43 million to a former bank executive director in return for giving favours to the Carrian Group in official dealings.

17 Jun 1988

The former bank manager is arrested for allegedly having accepted advantages from the Carrian Group as rewards for giving favours to the Group in relation to loans totalling HK$2.5 billion

2 May 1989 The former bank manager is convicted on the bribery charge and is sentenced to 3 years' imprisonment. He is ordered to return the bribes to the Carrian liquidator.
An international bank

Jun 1983

A former executive director of an international bank is suspected of having accepted advantages from Carrian as a reward for facilitating short-term loans of over $350 million; he has left Hong Kong when the case is exposed. The ICAC issues a warrant for his arrest.

8 Jun 1987

The former international bank executive director is arrested in England.

30 Jun 1987 The former international bank executive director is extradited to Hong Kong.
9 Aug 1988

The former international bank executive director pleads guilty to two charges and is sentenced to 12 months' imprisonment. He is required to return the monetary advantages to the Carrian liquidator and pay HK$300,000 to the Government. His term of imprisonment is increased to 18 months in a subsequent judicial review.

3 Nov 1989

The former Carrian chairman is arrested and charged with two counts of offering advantages to the former international bank executive director as rewards for giving favours to the Carrian Group.
The case is transferred to the District Court for a joint-trial with another case of a similar nature. The former Carrian chairman pleads not guilty to the charges.

8 Jun 1992 The case against the former Carrian chairman for offering advantages to the executives of two banks commences.
20 Sept 1996 The prosecution withdraws the charge of bribing bank executives against the former Carrian chairman but has the case recorded on file.