No penalty for lawmaker Albert Ho's failure to disclose asset, says Legco
A Legislative Council committee has decided not to impose any disciplinary action against Democratic Party lawmaker Albert Ho Chun-yan after considering that his failure to state his interest in a property firm was not deliberate.
Ho, a former chairman of the Democratic Party, earlier admitted and apologised for the omission, saying it was caused by negligence.
The Legco committee on members’ interest released a report on Wednesday that was the result of an investigation that began in December.
[Ho] should have ascertained whether his share had been transferred … instead of relying on his memory or impression
That investigation was launched after a member of the public complained to the committee, alleging that Ho had deliberately concealed his directorship and shareholding interests in a property company called Fountain Success Investment Company.
Ho explained to the committee that he did not register his holdings in the company because he had mistakenly thought that his shares had been transferred to his sister-in-law's ownership..
The committee said in the report that while " there is no information to indicate that his failure to register such interest ... was deliberate", he should have been more careful in completing the form.
“[Ho] should have ascertained whether his share had actually been transferred … instead of relying on his memory or impression,” the report said.
