Leung will pay $US16.2 million ($18.1 million) to resolve the case. All of the defendants settled without admitting or denying the charges. Li, chairman and CEO of the Bank of East Asia and a member of Hong Kong's Legislative Counsel and Executive Committee, is a well-known businessman in Hong Kong whose links to the trading probe drew headlines in Asia and the United States when the SEC began investigating last year. Li, 68, learned about the News Corp bid through a telephone call with Dow Jones' general counsel on April 12 and told Leung about it the next day when the two travelled together on a flight to Shanghai, according to an SEC complaint filed in US District Court in Manhattan.