Hong Kong lawyer jailed for taking client money for casino debts

Navin Aggarwal, a former senior partner at international law firm K&L Gates in Hong Kong, was sentenced to 12 years in prison after pleading guilty to two counts of fraud and one of money laundering for using client money to pay gambling debts. K&L Gates has sued units of Melco Crown Entertainment Ltd. to try to recover HK$9.9 million ($1.3 million) that Aggarwal transferred from a client. He also moved HK$16.6 million from another client account to a unit of Wynn Resorts Ltd. In total, the Hong Kong court heard he took HK$61 million from client accounts without authorization and raised HK$8.2 billion from another 92 clients, including Crown Ltd., for supposed business opportunities. He paid them back HK$7.6 billion said to be interest on their deposits while taking the balance for himself.