Hong Kong loses bid to appeal limits to anti-bribery laws

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Hong Kong’s government lost a bid to appeal a ruling that the Chinese city’s laws don’t criminalize conspiracy in the territory to pay overseas bribes. While Hong Kong’s anti-graft efforts from the 1970s have been successful locally, the city probably exports about HK$30 billion ($3.9 billion) each year in corruption to developing countries through bribes of foreign officials, according to Bryane Michael, who has worked for the World Bank and advised the Hong Kong government.

Read the story by Douglas Wong in Bloomberg Businessweek.

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