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Ex-Hong Kong market watchdog official charged with tipping off friends

Bloomberg
Bloomberg • 2 min read
Ex-Hong Kong market watchdog official charged with tipping off friends
The 30-year-old is alleged to have acquired confidential stock price sensitive information in 2023 in relation to a Link REIT rights issue, and secretly shared it with the other accused. Photo: Bloomberg
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Three people, including a former manager of Hong Kong’s securities watchdog, were charged with conspiring to commit misconduct for allegedly sharing non-public information on a planned rights issue and profiting from it.

Kenneth Leung, 30, who was employed as a manager of the Securities and Futures Commission’s investment products division; and Lai Lit-wai, 34, a Hospital Authority nurse, face one count of conspiracy to commit misconduct in public office, according to a statement from the city’s Independent Commission Against Corruption late Friday.

Leung and Cheung Tsz-kin, 35, a senior government counsel at the Department of Justice, jointly face another count on the same charge, it said.

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