bank-of-east-asia-chairman-under-fire

Bank of East Asia chairman under fire

After agreeing to pay the US SEC a fine of $8.1 million to settle insider trading related charges, David Li is under pressure to resign from his public positions.
February 15, 2008
The chairman of Hong KongÆs third largest lender, David Li, has been castigated for indiscretions in the past. An affair he was having with a Hong Kong socialite several years ago was famously discovered by the press when he left his monogrammed shoes outside a Paris hotel room where he was ensconced with the woman.

Now Li is in the spotlight over allegations of insider trading, an affair that has cost him $8.1 million and earned him a harsh rebuke from the US Securities and Exchange Commission SEC.

This is a considerable blow to the reputation of a man who is head of one of Hong KongÆs most high-profile families. Li is a powerful...
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