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Posts from ‘June, 2010’

Urban Renewal Authority opens its books to reveal a HK$2b profit

South China Morning Post — 15 Jun, 2010 Surplus from projects up to 42 times redevelopment costs The Urban Renewal Authority has opened up previously closed records that show it made a net profit of HK$2 billion from eight completed projects in the past five years. Details of its individual projects – revealed for the [...]

Oil smugglers see $200m frozen in slick customs op

The Standard – 8 June 2011 Tough laws designed to hit gangland crime bosses where it hurts have been used for the first time to freeze the assets of a multi-million dollar cross-border diesel-smuggling syndicate. Tough laws designed to hit gangland crime bosses where it hurts have been used for the first time to freeze [...]