Hong Kongs ICAC arrests listed company manager, 13 others, for alleged bribery
Hong Kong’s anti-corruption watchdog has arrested 14 people, including a senior manager of a listed cleaning services company, on suspicion of bribery over the awarding of various contracts to subcontractors, and seized watches valued at over HK$10 million (US$1.3 million). While the Independent Commission Against Corruption (ICAC) did not name any companies, the Post learned…
Hong Kong’s anti-corruption watchdog has arrested 14 people, including a senior manager of a listed cleaning services company, on suspicion of bribery over the awarding of various contracts to subcontractors, and seized watches valued at over HK$10 million (US$1.3 million).
While the Independent Commission Against Corruption (ICAC) did not name any companies, the Post learned that one of them is Hong Kong Johnson Holdings.
Hong Kong John Holdings said on Thursday night in a filing to the city’s stock exchange operator, Hong Kong Exchanges and Clearing, that the ICAC had raided the company’s office the previous day and arrested a member of senior management and two other employees.
It added that the senior staff was not a board member, and that all three had been suspended until further notice.
According to the ICAC, the 14 suspects, comprising six men and eight women aged between 24 and 57, also included the proprietors and employees of three subcontractors.
The subcontractors had allegedly offered advantages in exchange for contracts to provide services to the commercial sector, including supplying vehicles and performing other related maintenance work for the listed company.
