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Hong Kong Ex-Chair Tsang Charged with Misconduct, Faces 20-Month Jail Sentence

February, 22 2017
watermark Economic news

Donald Tsang, the ex-chief executive of Hong Kong, has just been charged with grave misconduct while in office and has been sentenced to 20 months’ worth of imprisonment. This recent event is now being tagged as a conclusion for a downfall of a former person of political power who helped Hong Kong get through its worst financial crisis some time ago. Tsang has been charged of failure to properly disclose a certain conflict which appeared after Tsang rented out a luxury apartment whose owner was then applying for a broadcasting license in Hong Kong.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.