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CY Leung’s tormentor is a political spent force

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The fortunes of politicians are a lot like the stock market: they go up and down in unexpected ways. This week, for example, has been good for former chief executive Leung Chun-ying but terrible for his chief tormentor from the opposition, Lam Cheuk-ting.

After a marathon four-year investigation, the Independent Commission Against Corruption and the Department of Justice have cleared Leung over a payment of HK$50 million he received from Australian engineering firm UGL. In an official statement, the Operations Review Committee, which oversees the ICAC’s investigations, said “no further investigative action should be taken”.

This followed a similar decision by Britain’s National Crime Agency (NCA) not to pursue the case back in September. The NCA arguably had jurisdiction because in 2011 UGL purchased real........

© South China Morning Post