Former Greentown China head charged for taking bribes over stake in real estate project
Hong Kong’s corruption watchdog has charged the former head of a listed company for allegedly accepting HK$20 million (US$2.5 million) in bribes from a mainland Chinese property developer in exchange for acquiring a stake in the developer’s real estate project. Zhang Yadong, 58, who was chairman of Greentown China Holdings from 2019 to 2025, faced a count of conspiracy to accept advantages, the…
The Hong Kong Independent Commission Against Corruption (ICAC) has charged former Greentown China Holdings chairman Zhang Yadong with accepting bribes worth HK$20 million (US$2.5 million) from a mainland Chinese property developer. Zhang, who headed the company from 2019 to 2025, is accused of conspiring to accept the bribes in exchange for acquiring a stake in the developer's real estate project.
The ICAC investigation revealed that Zhang solicited bribes through his son, a middleman, and other individuals between January 2020 and March 2023. Prosecutors allege that the bribes were deposited into the son's bank account in multiple payments via the middleman. The case was mentioned at Eastern Court on Friday.
Brief written by urgent.news from South China Morning Post - Hong Kong's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
