Joseph Lau Luen Hung (Chinese: 劉鑾雄) (born 21 July 1951 in Hong Kong) is a Hong Kong businessman, investor, and convicted felon. He owns a 61% stake in Chinese Estates Holdings. His fortune is estimated by Forbes at $15.1 billion as of April 2017.
Early life
Joseph Lau was born on 21 July 1951 in Hong Kong. He has a younger brother Thomas and two younger sisters.
Career
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Lau owns a 61% stake in Chinese Estates Holdings.
Lawsuits
On 31 May 2012, the Macau Court of Final Appeal confirmed that Lau and Steven Lo were involved in the case of offering Macau’s former public works chief Ao Man-long HK$20 million over the bid for five plots of land opposite Macau International Airport. Lau and Lo were charged with bribery and money laundering. They both denied the charges and Lo earlier told the court that the HK$20 million was a preliminary payment to construction company San Meng Fai.
On 14 March 2014 Lau and Lo were found guilty of the charges against them in Macau’s Court of First Instance. Lau was sentenced to five years and three months in prison, but he appealed. However, the Court of Second Instance rejected his and Lo’s appeals on 19 July 2015 and let the length of their prison terms stand. Lau has so far escaped extradition and remains at large as a fugitive as Macau and Hong Kong do not have an extradition treaty.
Source:wikipedia