The U.S. wants to extradite a Chinese real estate mogul for paying bribes in connection with a construction project.
One of China's largest real estate developers is co-chaired by a 69-year-old man. The company said to be involved in the California project has no interest in it. You can see the link. R&F's shares fell in Hong Kong.
There is a warrant in the Northern District of California forZhang. He's accused of taking part in a scheme to bribe public officials.
In a London court on Monday, his lawyers asked a judge to grant him bail ahead of a legal battle against his possible deportation to the U.S. His bail was the highest ever recorded for UK courts. He'll be confined to an apartment on the 43rd floor of a London tower for 24 hours a day.
The co-chairs of R&F are a Hong Kong billionaire and a Chinese billionaire.
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