Former Hong Kong Stock Exchange Chief Executive...

Former Hong Kong Stock Exchange Chief Executive Jeffrey Sun was charged with three counts of accepting bribes. Sun, who was granted bail equivalent to $165,000 and remanded until Aug. 11, is accused of accepting almost 300,000 shares from two companies in return for approving new share issues. He has not entered a plea. Sun is accused of accepting 182,000 shares of electronics manufacturer QPL Holdings in June to approve a new QPL issue. Sun is also charged with accepting 100,000 shares in Video Technology Holdings in June, 1986, as an inducement for approving a listing.