Trio Arrested By ICAC Over Firm Listings
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2019-06-26 HKT 20:33
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The ICAC has arrested three people, including a former joint head of the IPO vetting team of the Listing Department of the Hong Kong Exchanges and Clearing, for suspected corruption and misconduct in public office in relation to the vetting of listing applications of two listed companies.
The other two arrested are his associates.
The anti-graft body and the Securities and Futures Commission (SFC) mounted a joint operation codenamed "Cold Mountain" that began on June 23.
During the operation, the offices of two sponsors, both licensees of the SFC, were jointly searched by the ICAC and the SFC.
The ICAC also searched a number of other premises, including the offices of the two listed companies and a financial printing company.
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