The Globe & Mail reported on 18th July that JPMorgan’s former Asia investment banking vice-chair, Catherine Leung, has pleaded not guilty to charges of bribery in a Hong Kong court. Leung is alleged to have offered employment to the son of the chairman of a logistics company as a reward for the chairman favouring JPMorgan. Whilst not admitting the accusations, in 2016 JPMorgan agreed to pay US authorities $264-million to resolve allegations it hired the relatives of Chinese officials to win banking deals.
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