HONG KONG’S antigraft agency said it has charged the local managing director of U.S. fast-food giant McDonald’s Corp. with taking kickbacks from a supplier from 2005 to 2007. Hong Kong’s Independent Commission Against Corruption (ICAC) charged Joseph Lau with accepting kickbacks from a food company as a reward for recommending and approving the company as the corn supplier to McDonald’s in Hong Kong. The ICAC said the alleged commissions amounted to 10 percent of the total sales revenue for corn supplied to the restaurant chain by the food company, which the agency didn’t name. Lau is also charged with one count of alleged conspiracy with a director of the food company to pervert the course of public justice, the agency said. (SD-Agencies)
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