Hong Kong: former UBS banker jailed for bribes

A former associate director UBS Hong Kong was today sentenced to three-and-a-half years' imprisonment at the District Court for accepting bribes of about HK$1.46 million for managing the investment portfolio of a client with the bank. Tu Bing, 40, was earlier found guilty of bribery. 

In sentencing, Judge Gary Lam Kar-yan said the starting point for the bribery offense was three-and-a-half years' imprisonment and there were no exceptional circumstances that warranted any reduction, the Independent Commission Against Corruption, said.

Bing was an associate director of Global Wealth Management and Business Banking of UBS Hong Kong Branch, he was responsible for managing investment portfolios of clients.The prosecution was today represented by prosecuting counsel Flora Cheng, assisted by ICAC officer Angel Ng.