Ng Lap Seng

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Ng Lap Seng
Born Wu Lisheng
June 1948 (age 70)
Residence Macau and New York City
Nationality Chinese
Occupation real estate businessman
Net worth US$1 billion+ (October 2015)
Title Chairman, Sun Kian Ip Group

David Ng Lap Seng (Chinese: 吳立勝; pinyin: Wú Lìshèng; born June 1948)[1][2] is a Macau-based Chinese billionaire real estate businessman, chairman of the Sun Kian Ip Group (新建业集团). He is a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC).[1]

Criminal investigation[edit]

Ng Lap Seng is the subject of an American investigation, and faces bribery, money laundering and other charges, as he allegedly that he paid bribes via intermediaries totalling US$500,000 to former UN General Assembly president John Ashe.[3][4]

Since October 2015, he has been confined to his New York City apartment on US$50 million bail, with very tight restrictions.[3] As of January 2016, two suspects have pleaded guilty.[4] In March 2016, a third suspect, Francis Lorenzo, deputy ambassador to the United Nations from the Dominican Republic, pleaded guilty.[5]

US prosecutors estimate that Ng's net worth is in excess of US$1 billion.[3]

Ng Lap Seng was also part of a Democratic fund-raising scandal when Bill Clinton was president, and is mentioned in the Panama Papers.[6]

In July 2017, the U.S. District Court in Manhattan found Ng guilty of all charges he faced, following a month-long trial.[7][8]

References[edit]