A Bank of America ex-employee is on trial in Hong Kong after the bodies of two women, believed to be sex workers, were found murdered in his flat.
Rurik Jutting, a Winchester College and Cambridge University graduate, had worked as a structured equities trader at Bank of America Merrill Lynch for a little over a year, but is believed to have recently left the firm.
Early on Saturday morning, he was arrested by Hong Kong police in his flat in the Wanchai district, an area famous for its bars and clubs. One woman was found with knife injuries to her neck and buttocks and was pronounced dead at the scene, while the body of a second woman was found in a suitcase on the balcony. It has been reported that one of the bodies was nearly decapitated.
The murders have shocked in the inhabitants of Hong Kong, a city famous for its exceptionally low rate of violent crime.
The central bank has tweaked its stimulus programme and is making a fresh effort to push Japan’s inflation rate above its 2% target.
By 2020 global government spending will reach US$35 trillion against US$28 trillion in 2015, according to business information group MarketLine.
The study assesses the social and economic health of 30 of the world’s leading business centres.
A consultation paper proposes large financial penalties for accountants, lawyers and consultants whose aggressive tax avoidance schemes are defeated in court.