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Comment: Acquitted former JPMorgan exec was just a pawn in an industry-wide bribery scheme

By Xu Yuan and Ben Lucas ( February 3, 2021, 08:24 GMT | Comment) -- Many global banks have been fined in the US for setting up programs aimed at hiring the relatives and friends of business clients and government officials to try and win banking deals. But the trial of a former JPMorgan executive in Hong Kong who was acquitted this week marked a rare prosecution of an individual for taking part in such a scheme. However, the trial of the former executive raises questions about why Hong Kong prosecutors only targeted one person at JPMorgan, and why the city’s prosecutors have yet to go after individuals at other global banks that ran similar programs that could potentially fall within their jurisdiction.After being charged with bribery in May 2019, Catherine Leung Kar-cheung, a former JPMorgan executive, walked free on Monday from the dock of a Hong Kong courtroom....

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