Macau billionaire Ng Lap-seng's US case takes new turn with confidential report on his background

By News on the Net —— Bio and Archives October 6, 2015

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The arrest of a Macau real estate mogul with high-level connections to Beijing and Washington has taken a new twist with the publication by a top American university of a "confidential" report on his background.

As billionaire Ng Lap-seng - along with his assistant Jeff Yin - remains in detention in New York after his September 19 arrest on suspicion of bringing US$4.5 million in cash into the United States over the past two years and lying to customs officials about how the money would be used, a secret report detailing his background and myriad connections has come under scrutiny. Ng, 68, was part of the 100-strong Beijing-appointed committee that oversaw the Macau handover to Chinese rule in December 1999. Some years earlier, Ng was linked to a scandal surrounding Asian funding for then US president Bill Clinton's Democratic Party. More...