Albert Yeung

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Albert Yeung (Chinese: 楊受成), born in 1944 with ancestry in Chaozhou Guangdong, China, is a highly publicized business entrepreneur in Hong Kong. He is the chairman of the Hong Kong media conglomerate Emperor Entertainment Group.[1][2]

Yeung has been a major business elite in Hong Kong. Throughout his career he has had controversial ties with the Communist Party of China, which he admits as a shield. Despite many sources pointing Yeung to the triads involvement with criminal activities, according to journalist Fredric Dannenand he claimed these to be charges made by those who are "jealous" of his success in business.[2]

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[edit] Biography

In the 1960s his father lent him 200,000 yuan to start his watch business. He was soon successful with his business and was referred to as the "King of clocks and watches" (鐘錶大王). In the 1970s he was in the real estate business with as many as 20 simultaneous projects. He confronted difficulties with the "Good world group" (好世界集團) and ran debts as high as 320 million yuan. He has had to work hard to repay the debts.[3]

Yeung has held numerous charities for mainland China.[4] He has also contributed HK$200,000 to support the defence of Diaoyu islands.[5]

After the Tiananmen square protests of 1989 Yeung carried his business relationships with the highest officials of the Chinese government as a shield against his doubters. In 1992 he hosted a banquet at the Great Hall of the People in Beijing.[2]

He has also donated to relief funds during the mainland China early 2008 winter storm crisis.[6]

[edit] Notable incidents

  • On February 10, 1979 Yeung was involved in a beating incident involving Jockey Tony Cruz (告東尼). Yeung was charged with the obstruction of justice by the Hong Kong anti-corruption unit ICAC. He was held at Stanley Prison.[3]
  • In 2002 comedian Eric Tsang needed stitches after he was attacked for ridiculing Yeung. Yeung was also charged with threatening to break the leg of former employee Michael Lam. Lam told the court he was "very frightened" and forgotten about the alleged incident.[2]
  • In 2003 Yeung was again under investigation by the ICAC, along with Hong Kong singer Juno Mak, for allegedly bribing TVB for the Jade solid gold awards.[7][8] As many as 30 people were arrested in connection with corrupt allegations with preferential treatment of singers and controlling the music billboards.[2]

[edit] Controversial connections

[edit] Communist party and triads

Numerous sources have mentioned Yeung's alleged ties to the triads.[9] His cooperation with the Communist Party of China and triads was made public by Wong Man-fong in the 1980s, former deputy secretary-general of Xinhua News Agency in Hong Kong despite his denial.[2]

[edit] Effects

Stephen J. Solarz was forced to withdraw his bid to become US ambassador to India because he had business dealings with Yeung. Macau casino head Stanley Ho strongly disapproved of his daughter Pansy Ho's (何超瓊) romantic relationship with his son Gilbert Yeung.[2]

[edit] References

  1. ^ Emperor.com.hk. "Emperor.com.hk." Chairman message. Retrieved on 2008-02-17.
  2. ^ a b c d e f g Asianpacificpost.com. "Asianpacificpost.com." Scandal rocks Canto-pop music industry. Retrieved on 2008-02-17.
  3. ^ a b Southcn.com. "Southcn.com." 英皇集團主席楊受成. Retrieved on 2008-02-17.
  4. ^ News.xinhuanet. "News.xinhuanet." 與祖國共榮--楊受成. Retrieved on 2008-02-17.
  5. ^ Appledaily. "Appledaily." 與祖國共榮--楊受成. Retrieved on 2005-09-14 courtesy of zh.wikipedia.
  6. ^ Singtao newspaper February 6, 2008. Section A-14.
  7. ^ kklee105.com. "kklee105.com." HK ENTERTAINMENT TYCOON STARS IN GRAFT DRAMA. Retrieved on 2008-02-17.
  8. ^ for68.com. "for68.com." 香港新聞工作者從業詞典. Retrieved on 2008-02-17.
  9. ^ Xu, Gary G. Xu. [2007] (2007). Sinascape: Contemporary Chinese Cinema. Rowman & Littlefield. pg 144. ISBN 0742554503.
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