8 staff members of brokerages and hedge funds arrested after suspected corruption
發佈日期: 2026-03-12 23:46
TVB News
A joint effort between the Securities and Futures Commission of Hong Kong and the Independent Commission Against Corruption, or ICAC, uncovered a corruption and insider trading scandal with the suspected involvement of a number of hedge fund staff members and executives.
The case involved over 300 million dollars, with authorities having arrested eight people so far.
Brokerage Guotai Junan International said SFC and ICAC personnel raided their office on Tuesday seizing some of their documents.
The company said one of their staff was arrested by authorities and was immediately placed on suspension, while stressing that the brokerage's operations will not be affected.
The ICAC said it conducted an operation for two consecutive days with the SFC searching some 14 locations, including Guotai Junan's office and the arrested suspects' residences.
The six men and two women, aged between 35 and 60, consist of staff members of two brokerages, a senior executive of a hedge fund and an intermediary.
They were suspected of money laundering, as well as committing offences against the Prevention of Bribery Ordinance and Securities and Futures Ordinance.
Further investigations indicated a brokerage executive was suspected of accepting bribes of up to 4 million dollars from a hedge fund executive to leak sensitive information of several listed companies in Hong Kong.
Their engagement in insider trading resulted in the hedge fund making gains of close to 315 million dollars.
This as Bloomberg earlier reported that besides Guotai Junan International, authorities also raided CITIC Securities' office in Hong Kong.
