Ng Lap Seng

Ng Lap Seng
Born Wu Lisheng
June 1948 (age 70)
Residence Macau and New York City
Nationality Chinese
Occupation real estate businessman
Net worth US$1 billion+ (October 2015)
Title Chairman, Sun Kian Ip Group

David Ng Lap Seng (Chinese: 吳立勝; pinyin: Wú Lìshèng; born June 1948)[1][2] is a Macau-based Chinese billionaire real estate businessman, chairman of the Sun Kian Ip Group (新建业集团). He is a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC).[1]

Criminal investigation

Ng Lap Seng is the subject of an American investigation, and faces bribery, money laundering and other charges, as he allegedly that he paid bribes via intermediaries totalling US$500,000 to former UN General Assembly president John Ashe.[3][4]

Since October 2015, he has been confined to his New York City apartment on US$50 million bail, with very tight restrictions.[3] As of January 2016, two suspects have pleaded guilty.[4] In March 2016, a third suspect, Francis Lorenzo, deputy ambassador to the United Nations from the Dominican Republic, pleaded guilty.[5]

US prosecutors estimate that Ng's net worth is in excess of US$1 billion.[3]

Ng Lap Seng was also part of a Democratic fund-raising scandal when Bill Clinton was president, and is mentioned in the Panama Papers.[6]

In July 2017, the U.S. District Court in Manhattan found Ng guilty of all charges he faced, following a month-long trial.[7][8]

References

  1. 1 2 "Wu Lisheng". CPPCC. Retrieved 1 February 2017.
  2. ↑ "美反腐起訴澳門商人吳立勝和前聯大主席". BBC Chinese. 6 October 2015. Retrieved 2 June 2016.
  3. 1 2 3 "UN scandal: Billionaire Ng Lap-seng released with tight restrictions – Nikkei Asian Review". asia.nikkei.com. Retrieved 10 September 2016.
  4. 1 2 "Macau billionaire Ng Lap-seng bribery case: Second suspect pleads guilty in New York case". South China Morning Post. 21 January 2016.
  5. ↑ "Diplomat pleads guilty in UN bribery scheme linked to Macau billionaire Ng Lap-seng". South China Morning Post. 17 March 2016.
  6. ↑ "Inside Panama Papers: Multiple Clinton connections". mcclatchydc.
  7. ↑ "Chinese Billionaire Developer Convicted in UN Bribery Case". Bloomberg. 28 July 2017.
  8. ↑ "U.S. Jury Finds Macau Billionaire Guilty in U.N. Bribery Case". The New York Times. 27 July 2017.
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