down,ce thomas kwok step positions have become available. ne of the chairman at this point. the other position he vacated was the executive director. that position has gone to thomas's son adam. this family empire was founded by the kwok brothers' father is remaining in family hands. the company's shares have rallied today perhaps due to investors -- >> it is higher at the moment at about 2.6%. case is largely about the being over. of thec says regardless people involved, the commission impartially discharge its duties in accordance with the law. the menany in 2012 when were arrested, the shares fell 13% after. they seem to have a good recovery so doesn't seem to be overly affected by this case. >> thank you. coming up, japan's refiners could see a shakeup. we are looking at that and much more, up next. ♪ >> this is on the move coming live from hong kong. we will have a look at what has been going on with some of these japanese refiners and show you why we are looking at them. refiner's third biggest in talks with japan's fifth biggest. they

thomas kwok will appeal. >> thomas kwok appealing the charges. brother raymond found not guilty. for some hung kai -- sun hung kai investors, it was a roller coaster. where are we now? plunged 13% after the men were arrested back in march 2012. you will see the share prices have recovered since then and the company has worked very hard to make it business as usual. it continues putting properties and buying up land as well and land banking as well, according to an analyst. the company actually has not done too badly in the last 2.5 years or so. we can look at analyst recommendations. sell., five hold, three the company is not doing too bad. >> questionable leadership though. >> raymond got acquitted of all charges. >> thomas kwok is facing sentencing today. thank you. >> let's have a look at those chairs. -- shares. the markets in hong kong. tradingung kai started -- resumed trading and it is up 2%, unaffected by that corruption trial. some analysts saying that it was only because only one other was convicted. citic taking a look at securities. they are trying to sell about -- it

thomas kwok that he has done nothing either.e this investigation will clear my name. >> reporter: but the trial itself fueled a wider debate about the access of big business to big influence, especially in hong kong, a vibrant financial hub where the wealth cap is increasing. >> if you don't have outright bribery, then you might still have problems with influence peddling through the election system where large conglomerates have large numbers of vote. that tends to result in a government that has to respond to its corporate electorate rather than to the general public. >> reporter: this isn't the first time corruption in hong kong has hit the front pages. it follows hot on the heels of an investigation into former chief executive donald tsang for taking expensive gifts from chinese businessman, an allegation he denies. the kwok brothers trial that is played out at the courthouse behind me has put into focus hong kong's reputation as a fairly corruption-free place to do business. and indeed, in transparency international's lates

thomas kwok,nd chairman of the longest -- chairman of the largest property developer by revenue. are accused of having given bribes to this former official hui worth more than $10.5 billion each. -- hui. they are worth more than $10.5 billion each. to $5 million in payments, unsecured loans, and housing given by the kwoks. also claims to have received sweeteners. men on trial, two are alleged to be middlemen between hui and the kwok brothers but all five men have pleaded not guilty. >> what about the money. what did the court here about that? r about that? >> it is alleged that hui received some of the money before he became chief secretary in 2005 and that the money came from the kwok brothers. the court heard that the money was part of an unwritten consulting agreement between the brothers and hui, but the money had to be paid in secret and kept a secret because of a third k, kidnappedter kwo in 1995. witnesses say that after the kidnapping he became paranoid and ill and had to be kept a secret from him and the payment kept secret. ui received money shortly after saystired in 2

thomas kwok was found guilty of misconduct. >>> and in spain, a 37-year-old businessman has crashed anto the headquarters of spain's ruling conservative party. the man claims there are explosives in the car. police say there are gas canisters visible in the vehicle, but they do not think they are explosive. cnn's al goodman is live from madrid. al, what are you learning? what do they think this threat is? >> reporter: hi, deborah. it does not appear to be terrorism. spain has been hit by islamic terrorism. this does not appear that case. they have cordoned off a huge area of central madrid close to our bureau. that means a lot of people can't get to work. traffic is snarled. they arrested this man around that age of late 30s. disgruntled businessman blaming the government for his economic problems. that would be a desperate cry in the spain economic crisis. 23% unemployment overall. it does not appear to be terrorism. they have not lifted the threat level. they activiated because of the latest experiences here. >> any concerns by the head of the conservative party? >> reporter: why be

. -- they sayhomas that thomas kwok will appeal and that raymond kwok walked free. >> this is a win foron agency in hong kong that takes a look at these graft cases here. an extraordinary victory for them but these guys said this is how business is done in hong kong. >> you did expose some very we get proof that there were other companies doing the same thing. but they did say that the case, , thedless of background commission impartially discharge law enforcement duties in strict accordance with the law and continued on to say that because of various issues in the case, them to thel bring attention of the administration and stands ready to provide corruption education and prevention. that means we will have to see is an independent corporation and it is ready to continue any case that make them up -- may come up. >> investors have been hit hard. theye went down of the day were arrested but they have made a recovery something. the shares that suspended on friday will begin trading. >> rosalind chen, thank you for watching the story for us to agentsup next, dominate the rich list when "f

thomas kwok was found guilty of conspiring to pay hui 1.1 million u.s.lars to get favorable properties. he has been sentenced to five years in jail. was found guilty of five out of a charges include conspiracy to accept money in bribes during his time as chief secretary. and later as a member of the government advisory board. thomas, these are both men in their 60's. both facing even five years in jail is a lot of time for these men. this is what the judge also said at summing up the case. the judge said thomas sentencing is difficult when one is dealing with minimal or not young but committing serious offenses. for that, he gave them the sentences. a of the charges they face maximum of seven years. -- each of the charges they face are a maximum of seven years. family and the kwok a friend of hui were also convicted. for one and four for another. was acquitted of all of the charges against him. >> rosalind change in hong kong. greek lawmakers are casting ballots in the second vote to control the head of state. is trying to rally support for his choice in

is related to more than $4.5 million in payments and unsecured loans and free housing from thomas and raymond kwokhey would be the eyes and hung in government. all five men play -- pleaded not guilty to all the charges. 2012en were arrested in cac,r an investigation by i the hong kong anticorruption agency. it has taken a while to get to this point. the trial has been going on for more than 125 days. >> tell us a little bit more about the money, and what did the court here about all of that? alleged that rafael hui received money in two lumps. kwoks were alleged to have had an unwritten consulting agreement with him, and they had to keep the agreement a secret at the payments had to be kept a secret from their family. a third brother, he had been kidnapped in 1997, and witnesses told the court that after the kidnapping, he had been paranoid and ill. these secret payments were kept secret because of walter. the court also heard allegations that rafael hui received the money after he retired as chief secretary in 2007. hui saidl -- rafael this money came from beijing officials. he said he had been i