Hong Kong court finds former JPMorgan top banker not guilty of bribery (updated)

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01/02/2021 05:23

(Adds details and background)
    HONG KONG, Feb 1 (Reuters) - A Hong Kong judge on Monday
found JPMorgan's  JPM.N  former vice chairman of Asia investment
banking, Catherine Leung, not guilty of bribery following her
trial held late last year.
    Leung was accused of bribing the then chairman of Kerry
Logistics Network Ltd  0636.HK , Ang Keng-lam, by employing his
son Ang Ren-yi at the U.S. investment bank's Hong Kong office in
2010. 
    She did so, the prosecution told the court, in anticipation
that Ang would influence his company to give JPMorgan a role on
its up-coming initial public offering (IPO).
    Leung's barrister, however, argued Leung had played a fairly
minor role in the hiring and had relied on the bank's human
resource processes.
    Leung did not comment when approached by Reuters outside the
courtroom on Monday. Neither of the Angs could be immediately
reached via their current employer.
    Ang Ren-yi worked at JPMorgan from June 2010 until October
2011, according to court documents.

 (Reporting by Sharon Tam and Alun John; Editing by Anshuman
Daga and Jacqueline Wong)
 ((Alun.John@thomsonreuters.com; +852-28415827;))