A judge in a Hong Kong court ordered the confiscation of a bribe taken by a former bank executive at UBS totaling 1.5 million Hong Kong dollars.
Tu Bing, 42, former associate director of UBS in Hong Kong, was ordered to return the $190,000 bribe within six months.
Tu was sentenced in November 2017 to three and a half years’ of imprisonment on one count of accepting bribes and confiscation orders were already made but was postponed pending an appeal at the time.
Should Tu fail to return the $190,000 in the six-month window, an additional 30 months’ imprisonment will be imposed.
The confiscation order was publicized by Hong Kong’s corruption watchdog, Independent Commission Against Corruption, and the court orders were made by Judge Gary Lam Kar-yan.
