Arrests in a HK$315 million (US$40 million) insider dealing case underscore Hong Kong’s commitment to upholding the integrity of its stock market amid a surge in new listings and share placements, according to industry players. The Independent Commission Against Corruption (ICAC) on Thursday said it had arrested eight people after joining forces with the Securities…
A Hong Kong court has convicted a professor of offering a HK$1,000 (US$128) bribe to a property agent in an attempt to avoid paying HK$16,000 in compensation for breaching a tenancy agreement more than three years ago. Sha Tin Court on Tuesday rejected mainland Chinese scholar Du Du’s claim that he had only intended to…
The Chinese embassy in the United Kingdom has warned its citizens in the country to beware of scams involving fraudsters posing as staff from Hong Kong’s anti-corruption watchdog. In a statement on Monday, the embassy said criminals had recently posed as staff of the city’s Independent Commission Against Corruption (ICAC) to carry out telecommunications fraud….
Hong Kong’s anti-graft watchdog has arrested 22 people on suspicion of corruption linked to seven building renovation projects worth more than HK$200 million (US$25.6 million). The suspects – 17 men and five women, aged 36 to 78 – included directors and employees of four project consultancy firms and three contractors, as well as some of…
The provisional administrator of the housing estate ravaged by Hong Kong’s deadliest fire in decades will attend hearings of the independent committee “as necessary” to represent the “common interests” of the owners’ corporation, the city’s home affairs chief has said amid criticisms that displaced residents lack legal representation in the probe. Secretary for Home and…
Some residents of Tai Po’s Wang Fuk Court have urged an independent committee investigating Hong Kong’s deadliest fire in decades to identify and hold those responsible to account, as the judge leading the inquiry vows a fair and thorough probe. The committee’s first hearing began at 10am on Thursday with a minute of silence to…
Hong Kong’s anti-corruption watchdog has arrested 14 people, including a senior manager of a listed cleaning services company, on suspicion of bribery over the awarding of various contracts to subcontractors, and seized watches valued at over HK$10 million (US$1.3 million). While the Independent Commission Against Corruption (ICAC) did not name any companies, the Post learned…
The head of Hong Kong’s Tianjin liaison office has posted online about his alleged acceptance of perks, including a private ferry cabin and a five-star hotel suite upgrade, prompting calls for an investigation into a potential conflict of interest. Authorities said on Wednesday that the hotel upgrade costs did not involve public funds, adding that…
Hong Kong will launch an enhanced government-backed tendering platform for private building maintenance projects in the second half of the year to curb bid-rigging while tightening scrutiny of contractors, consultants and their leaders. Secretary for Development Bernadette Linn Hon-ho told the media that authorities aimed to launch the upgraded “Smart Tender” platform in the second…
The owners’ committee of the fire-hit Wang Fuk Court housing estate in Hong Kong has rejected accusations of poor transparency and accountability as a “baseless smear campaign”, issuing a lengthy report ahead of a legal process to dissolve the group. In a 183-page report issued on Monday to fellow owners of Wang Fuk Court in…