On the day after Zhao Lianhai went on trial in China charged with "provoking quarrels and making trouble" for drawing attention to the shameful business (and it was very good business while it lasted) of the melamine-tainted milk powder scandal, a mere bankroll scam in the PRC's satellite on the South China Coast might seem trivial. But, as Confucius so wisely put it, every long journey starts with a single step – although he also said a lot of stuff about kowtowing to big wigs, so maybe I shouldn't be so hard on our northern neighbours. For, to paraphrase the Good Lord , "When a Chinaman talks of his legal system, it is like a woman's talking of her virtue".
No sooner has Wharf (Holdings) Ltd. recovered from having its former executive director John Hungsent down for graft than an underling at the local hong is set to join his former boss in jail. While Hung had his hand very much on the tiller while head honcho, being responsible for worldwide institutional banking, capital market fundraising and investor relations, his former colleague, Lau Yuen How, went the extra mile, using his position as Assistant Payroll Manager to siphon off more than HK$12 million (a million pounds) over a period of seven years before being found out. Which makes you wonder what kind of boss the Payroll Manager, who Lau "assisted", must have been.
Being a past President of the Hong Kong Cricket Association, Eurasian Hung named two of his racehorses after cricket grounds: Headingley, after the Test match venue in Leeds, and Sabina, after Sabina Park in Kingston, Jamaica. Since Hung'sfall from grace , Sabina has changed ownership – naturally, Hung having been stripped of his Jockey Club membership.
Try telling that to the South China Morning Post, though. The new owner, Yu Kwok Leung, himself rather a colourful character, might be a bit miffed to know that the last time the horse raced, on 28 February, it was listed in the Racing Post as belonging to "John Terence Hung".
Let's hope that after reading this the chaps at Quarry Bay (or are the racing hacks put out to pasture in Tai Po?) get it right the next time Sabina appears at the race course, which, as it happens, is this Sunday at Sha Tin. And let's hope the boys in yellow and blue at the Jockey Club sent the winner's cheque to the right person after Sabina's maiden victory last month.
No sooner has Wharf (Holdings) Ltd. recovered from having its former executive director John Hung
Being a past President of the Hong Kong Cricket Association, Eurasian Hung named two of his racehorses after cricket grounds: Headingley, after the Test match venue in Leeds, and Sabina, after Sabina Park in Kingston, Jamaica. Since Hung's
Try telling that to the South China Morning Post, though. The new owner, Yu Kwok Leung, himself rather a colourful character, might be a bit miffed to know that the last time the horse raced, on 28 February, it was listed in the Racing Post as belonging to "John Terence Hung".
Let's hope that after reading this the chaps at Quarry Bay (or are the racing hacks put out to pasture in Tai Po?) get it right the next time Sabina appears at the race course, which, as it happens, is this Sunday at Sha Tin. And let's hope the boys in yellow and blue at the Jockey Club sent the winner's cheque to the right person after Sabina's maiden victory last month.

















