Macau billionaire faces new U.S. charges in U.N. bribe case | Reuters

By Nate Raymond

NEW YORK U.S. prosecutors on Tuesday brought new charges against a billionaire from Macau accused of engaging in a scheme to pay hundreds of thousands of dollars in bribes to a former United Nations General Assembly president.A revised indictment filed in Manhattan federal court against Ng Lap Seng, a real estate developer from the Chinese territory, and his assistant, Jeff Yin, included new charges that both men violated the U.S. Foreign Corrupt Practices Act.Prosecutors also added tax-related charges against Yin. The indictment said he took steps to evade paying income taxes and helped a diplomat from the Dominican Republic involved in the scheme conceal portions of his income from U.S. tax authorities.And prosecutors unveiled an alias that they said Ng, the founder of Macau-based real estate developer Sun Kian Ip Group, was known by: "Boss Wu."

Lawyers for Ng and Yin did not immediately respond to requests for comment. Both have previously denied wrongdoing and pleaded not guilty to bribery and money laundering charges.Ng, who was once linked to a campaign fundraising investigation during former U.S. President Bill Clinton's administration, is one of seven individuals charged since October 2015 in the U.N.-related probe.

Prosecutors accuse Ng and Yin of paying more than $500,000 in bribes to John Ashe, a former U.N. ambassador from Antigua and Barbuda who served as General Assembly president from 2013 to 2014. Ashe died in June awaiting trial.The indictment said Ng and Yin also paid bribes to Francis Lorenzo, a then-deputy U.N. ambassador from the Dominican Republic who pleaded guilty in March to bribery and money laundering charges as part of a deal to cooperate in the probe.

The main goal, the indictment said, was to have both ambassadors to take steps to help obtain the United Nations' support for a multi-billion dollar U.N.-backed conference centre in Macau that Sun Kian Ip Group would develop. (Reporting by Nate Raymond in New York; editing by Grant McCool)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Nov 23, 2016 05:45 AM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'