Tai Po fire: tendering system can’t stop firms manipulating market, inquiry hears

    Tai Po fire: tendering system can’t stop firms manipulating market, inquiry hears

    An official tendering system designed to curb anti-competitive conduct is powerless to combat engineering firms colluding to manipulate Hong Kong’s lucrative building maintenance market, a public inquiry into the city’s deadliest fire in decades has heard. Testifying on the 21st day of an independent committee’s hearing, three Urban Renewal Authority (URA) officials said on Thursday…

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    Hong Kong’s ICAC charges 5 over alleged building renovation bribery scheme

      Hong Kong’s ICAC charges 5 over alleged building renovation bribery scheme

      Hong Kong’s anti-corruption watchdog has charged five people over alleged bribes – including casino chips and red packets – offered to flat owners and owner corporation members during large-scale renovation projects, worth about HK$90 million (US$11.5 million), at three housing estates. The Independent Commission Against Corruption (ICAC) on Wednesday disclosed details of its crackdown on…

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      Hong Kong lawmakers call for greater scrutiny of flat owners’ proxies

        Hong Kong lawmakers call for greater scrutiny of flat owners’ proxies

        Hong Kong lawmakers have called for greater scrutiny of flat owners’ proxies attending meetings on building management affairs in response to the government’s proposed legal amendments to combat bid-rigging following the deadly Tai Po blaze last year. During a Legislative Council panel meeting on Monday, Secretary for Home and Youth Affairs Alice Mak Mei-kuen said…

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