Hong Kong’s Securities and Futures Commission (SFC) and Commercial Crime Bureau of the Police collaborated against a Hong Kong-based firm, and its ex-senior executives assumed to be involved in a set of illegal actions within the corporation. More than $450 mln were affected by this fraud.
The investigation included a search of the office rooms of the organization and the houses of its ex-senior officials that are under suspicion.
The SFC managed the investigation together with the Police under the Securities and Futures Ordinance for offences referred to business fraud and illicit actions involving fake or misguiding data.
