For fear of Hong Kong's telecom market falling into the grip of foreign enterprise, Linus helped Pacific Century CyberWorks, which was owned by Richard Li, buy out Hong Kong Telecom by borrowing loans amounting to 90 billion Hong Kong dollars.
12.
The action by the state Department of Taxation and Finance stems from Rich's diversion in 1980 through 1982 of $ 105 million in crude-oil profits earned by one of his companies in New York City to a foreign enterprise he also controlled.
