Chuangyuan Real Estate's Australian project is suspected of corruption, the former deputy general manager and his family of three were prosecuted by the Hong Kong Independent Commission Against Corruption.

The Hong Kong Independent Commission Against Corruption (ICAC) earlier prosecuted a former vice president of a listed company and his mother for allegedly embezzling funds to favor an Australian businessman during the overseas real estate development project investment of the listed company. Following further investigation and legal advice from the Department of Justice, the ICAC has now brought charges against the father of the former vice president, accusing him of involvement in the corruption scheme, involving bribes totaling approximately 25 million Australian dollars. Ng Cho Wong, 77 years old, was charged last Thursday (May 28) with two counts of conspiracy to offer advantages to an agent, in contravention of sections 9(1)(b) of the Prevention of Bribery Ordinance and 159A of the Crimes Ordinance. He was granted bail by the ICAC and the case was mentioned in the Eastern Magistrates' Court on Wednesday (June 3). Ng Wai, 46 years old, the son of Ng Cho Wong and former vice president of Sun Hung Kai Properties Limited (which has since been delisted); and Han Shang Min, 75 years old, the wife of Ng Cho Wong, were previously charged by the ICAC with conspiracy to offer advantages to an agent. The case was again mentioned in the Eastern Magistrates' Court on Wednesday. Sun Hung Kai Properties was listed on the Hong Kong Stock Exchange and Clearing Limited from June 2003 to September 2021. At the time of the offense, Ng Wai was the vice president of Sun Hung Kai Properties and also served as the general manager of the Australian branch. Ng Cho Wong faces two charges, alleging that between June 2014 and November 2021, he conspired with Ng Wai and Han Shang Min to accept a bribe of 22 million Australian dollars and profit of approximately 3 million Australian dollars from an investment opportunity contract from an Australian businessman. This resulted in Ng Wai favoring the Australian businessman in Sun Hung Kai Properties' business dealings and with companies associated with him. The ICAC received a corruption complaint earlier, leading to an investigation which revealed that since 2014, Sun Hung Kai Properties had invested in multiple real estate development projects in Australia, totaling approximately 820 million Australian dollars, most of which were developed by companies associated with the Australian businessman, based on Ng Wai's recommendations.