Hong Kong Deutsche Bank Manager Ma Sin-chi Charged for Taking HK$24.8 Million in Bribes

The Independent Commission Against Corruption (ICAC) said Ma Sin-chi, a 37-year-old managing director at Deutsche Bank, is alleged to have accepted HK$24.8 million ($3.2 million) in bribes as reward for giving advice on the trading of derivative warrants issued by his employer.

Four stock investors, Ha But-yee, 60, Ha Shing-ming, 32, Ha Shing-chi, 29, and Ha Sau-mei, 39, are alleged to have paid the bribes to Ma between Jan. 16, 2007 and May 7, 2008.

The ICAC said all five defendants, who were arrested in April last year in an operation codenamed "Leap Over", have been granted bail.