ICAC Arrests 49 Over Suspected Building Work Bribes

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2023-01-06 HKT 14:51

Share this story

facebook

  • ICAC arrests 49 over suspected building work bribes

The Independent Commission Against Corruption (ICAC) on Friday said it had arrested 49 people as part of its largest ever investigation involving the building maintenance sector.

The graft-buster said it suspects a gang paid bribes to secure maintenance work contracts worth a total of HK$500 million.

Those arrested include engineering consultants, contractors and suspected triad members.

Bryan Chong, the ICAC’s Assistant Director of Operations, said that in one case, a HK$1.5 million bribe is suspected to have been paid to property management staff for a HK$200 million maintenance contract at a housing estate in Islands District.

Chong said officers stepped in before eight of the 10 projects got underway, adding that their investigation has not been easy.

"We started off with limited information. Throughout the initial enquiry, we did a lot of investigative work, in order to establish that there was actually a big syndicate behind the scenes. I think the difficulties in this case would be how to professionally deal with the information that came to us, in particular with limited information at the initial stage," he said.

Chong called on homeowners to contact the ICAC if they find anything suspicious regarding the tendering process for building maintenance works.

RECENT NEWS

EDENA Unveils AI System To Automate Sovereign Asset Settlement

At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more

Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls

Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more

Japans PayPay Files For US IPO, Targets Valuation Above US$10B

SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more

Inference Research Launches In Hong Kong With US$20M Seed Funding

Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more

London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion

London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more

SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership

SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more