
It never ceases to amaze me how this town gets gripped by a new scandal or sensational news story every other week.
Thanks to a free press and a thriving publishing scene, Hongkongers can look forward to new revelations on companies, tycoons, government officials or celebrities every morning when they walk past a newsstand or convenience store on the way to work. It seems as inevitable as the arrival of new fashion collections at their favourite designer boutiques.
I started thinking about this last year when eccentric billionairess Nina Wang - she with the pigtails and the kidnapped, still-missing-but-presumed-dead husband - passed away.
"There goes a newsmaker of our time," I had thought.
Oh, no. Within days, a previously unknown fengshui master/businessman, Tony Chan, was filing claims to be the sole beneficiary in her last will, and launched a legal challenge against Wang's family and charitable foundation to secure her US$4 billion fortune.
The case is making preliminary rounds in the Hong Kong courts and it looks like the press can milk this story for years to come.
Some of the juicy stories that have dominated watercooler chit-chat since the start of the year :
- Tycoon Peter Lam successfully challenged the laser gun readings of the Traffic Police that asserted that he had been doing 114 km/h in a 50 km/h zone in his Ferrari. After mounting a million-dollar (HK$) legal defence, he got the cops to blink - they admitted that there might have been mistakes with the handling of the laser gun and reduced the alleged speed to 79 km/h. As a result, Lam was fined a mere HK$450 (S$80) instead of getting his licence revoked.
- David Li, chairman and CEO of the Bank of East Asia, settled out of court with American regulators and paid US$8 million in fines, albeit without admitting any wrongdoing, to extricate himself from an insider trading investigation. Li had been accused of passing confidential info to his friend regarding the takeover bid by Rupert Murdoch's News Corp for Dow Jones, where Li is a board director.
- The Edison Chen nudie pic saga - enough said.
- Walter Kwok, chairman of property giant Sun Hung Kai Properties, was forced to take a leave of absence by his mother and two brothers - who are controlling shareholders in the company - after he tried to bring a female friend into senior management.
The scene in Singapore is utterly tasteless and bland in contrast. It's not that Singaporeans are oh-so prim and proper and that there's no misbehaviour. I'm sure that we have our fair share of naughty celebrities and people in the Establishment with skeletons in their closets (or hard drives).
But with a controlled press and libel laws that hang over journalists and commentators like a heavy sword, Singaporeans can only look beyond their shores for juicy news stories.











