R&F did business in the US through a domestic affiliate. Among other projects, the company was responsible for a large, multi million-dollar mixed-use residential and commercial development project in San Francisco, the listing says.
Zhang’s lawyer declined to comment outside court. Hong Kong-listed R&F Properties, which is providing £10 million of the bail, said on its official WeChat account that it planned to fight what it called “false allegations” that Zhang was charged with bribery “for hosting a dinner in China for a former public affairs executive in San Francisco and providing him with hotel accommodation”.
He will be housed in a five-bedroom apartment, complete with former military operatives on guard in 12-hour shifts.
The security operation will cost some £200,000 a month, the court was told. Zhang will be denied any device that connects to the internet.
The aim is to try to replicate as closely as possible the standards of a prisoner on remand, the security operations manager told the court.
Zhang founded R&F with Hong Kong native and a former trader, Li Sze Lim, and made their name by purchasing a large land parcel in suburban Guangzhou and later selling it for a big profit.
