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Ex-StanChart private banker charged with bribery

Ex-StanChart private banker charged with bribery

A private banker in China has been charged by Hong Kong's Independent Commission Against Corruption (ICAC) for bribery.

Ryan Gwee Yuan-kerr, a former private banking head of Standard Chartered Bank was charged for accepting a bribe of $150,000 on 11 August 2011.

ICAC said Yuan-kerr accepted money from a then chairman cum major shareholder of an insurance company as a reward for handling his bank account and bank accounts of the companies controlled by him.

During the time, he was supervising the sales team from the private banking division of StanChart Hong Kong, as well as handled customers and promoted various banking services to them.

ICAC said the case arose from a corruption complaint. Yuan-kerr has been released on bail, and appeared in court on Wednesday.

According to local reports, no plea was entered and the case has been deferred until next month.

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