The South China football club owner was under investigation for Macau fraud
The names of billionaire Joseph Lau Luen-hung, who controls developer Chinese Estates Holdings (0127), and South China Football Club chairman Steven Lo Kit-sing have surfaced in the third trial of disgraced former Macau official Ao Man-long.
Macau's former secretary for transport and public works is currently serving a jail term of 28 years after being convicted on dozens of corruption charges in 2009.
In the latest trial, Ao faces six corruption and three money laundering charges.
Sam Hou Fai, president of Macau's Court of Final Appeal, told the court that one of the charges indicated that a company in which Lau and Lo are joint investors had submitted a tender in 2004 for five parcels of land opposite the airport in Taipa.
The tender committee had found that three tenders received had not met the requirements, the court was told. But Lau and Lo's company had been awarded the tender after Ao interfered in 2005 and allegedly accepted a bribe of 20 million patacas (HK$19.4 million).Chinese Estates has one residential project in Macau. The company said it presold 300 units as of early April at an average HK$7,200 per square foot.
In March, Lau and his partner Chan Hoi-wan bought eight units for HK$171 million. Market sources said Angela Leong On-kei, fourth wife of gaming magnate Stanley Ho Hung-sun, bought 50 units for more than HK$480 million.
Lo also has a wide range of investments, including property, entertainment and catering in Hong Kong and Macau.
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