50 arrested in HK$500m building maintenance bid-rigging crackdown
Hong Kong authorities have arrested 50 people, including some with alleged triad backgrounds, in a crackdown on bid-rigging activities involving 27 housing estates and buildings and about HK$500 million (US$64.1 million) in contracts. The Independent Commission Against Corruption (ICAC), police and antitrust regulator the Competition Commission on Monday revealed details of their joint operation,…
Hong Kong authorities have made 50 arrests as part of a joint operation to combat bid-rigging in building maintenance contracts worth an estimated HK$500 million (US$64.1 million). The Independent Commission Against Corruption (ICAC), police, and the Competition Commission revealed details of their operation, which targeted 27 housing estates and buildings across Eastern, Wan Chai, and Yau Tsim Mong districts.
The syndicate is alleged to have been led by a mastermind and core members, with the contractor suspected of bribing project consultants and owners' corporation members to secure major contracts. The ICAC intercepted construction contracts that had not yet been awarded. Over the weekend, police also raided three illegal gambling establishments controlled by triad members and arrested 37 individuals in connection with bribery allegations.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
